Heimstaden Bostad to receive SEK 3 billion EU financing for the construction of affordable and energy efficient housing
The European Investment Bank (EIB) has signed a SEK 3 billion (approx. EUR 300 million) financing facility agreement with Heimstaden Bostad AB. The Swedish residential company will develop eight residential properties in five cities in Sweden, resulting in about 3,300 new affordable homes to rent. The project is backed by the Juncker Plan’s European Fund for Strategic Investments (EFSI) . The investments will support the large-scale construction of affordable housing, thus addressing the severe shortage of residential units in Sweden’s main cities.