Wednesday, January 20, 2010

Investments will manage the CDP F.I.A. for social housing

After Lombardy and Emilia Romagna, other regions in the pipeline for 18,000 social housing to achieve


The Ministry of Infrastructure and Transportation announces that the CDP will be the investment management companies to manage the National Real Estate Investment Fund social nell'housing. Through the decree just signed a contract, the company consists of CDP, ACRI (Association of Foundations Bank) and Abi gives full operation "to the new system introduced to enable significant private resources aimed at a social objective which is part of the government program," as Minister Matteoli said.

Already approved projects of social housing for Emilia Romagna and Lombardy, with investment potential, respectively, 20.5 million euros and 12 million, are being dealt with two projects in Piedmont, Veneto and one in one in Central Italy.

The Ministry participates with 140 million euros to fund investments for living, bringing up shares in the FIA to 1.81 billion euros, which will finance up to 40% of regional initiatives.

This is the most significant intervention in social housing in recent decades in Italy, part of the national plan that begins with regional resources, local authorities and private and fully active only after the approval of planning agreements Regions . Agreements have already passed the evaluation of CIPE and will soon be reviewed by the Joint Conference, as confirmed by Mario Mantovani, Undersecretary of the Ministry and director for housing policies. Overall, the plan will involve an investment by the state of 800 million euros, for an estimated 18,000 housing to achieve.

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