HLMs, a French model supported by Caisse des Dépôts

Caisse des Dépôts Immobilier et logement

80th edition of the USH Congress about "HLMs a French model": Caisse des Dépôts reaffirms its support for its social landlord clients and its willingness to support them in their transformation and their investment efforts in construction and rehabilitation.

How? For example by providing social landlords with easier access to European funding, planning to subscribe to €800m worth of profit participation certificates issued by the Public Housing Offices (OPH) and unlocking up to €1bn to finance the renovation of housing in the mining area.

Financing public housing through public savings: this is the hallmark and strength of our model.

Eric Lombard

CEO of Caisse des Dépôts

Congrès HLM 2019 : mobilisation pour le logement social !

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Provide social landlords with easier access to European funding

On 25 September, the Social Union for Housing (USH), Caisse des Dépôts, the European Investment Bank (EIB) and the Council of Europe Development Bank (CEB) announced a partnership aimed at providing social landlords with easier access to long-term European funding via an intermediation platform.

The aim: to provide social landlords with easier, fair access – open to all projects whatever their size – to European funding in connection with the major European challenges: affordable housing, energy transition and social inclusion.

€800m worth of subscriptions in the form of OPH profit participation certificate

On 25 September, Banque des Territoires and the Federation of Public Housing Offices signed the contractual framework for future issuances of OPH profit participation certificates (PPCs). Banque des Territoires is set to subscribe to a total €800m worth of these PPCs via two campaigns, one in January 2020, and then at the end of 2021 or beginning of 2022. It will be possible for an organisation to participate in both campaigns, within the limit of an overall subscription amount. Thanks to this initiative, the OPHs will be able to meet their investment targets amid a tough financial context, without changing their governance.

Mining area: €1bn for social housing

On 25 September, Banque des Territoires and Maisons & Cités, the leading social landlord in the Hauts-de-France region, signed an unprecedented partnership agreement worth €1bn to support the landlord's investment strategy, pegged at €1.6bn, over the 2019-2023 period, with the focus particularly on retrofitting homes in the mining area.

Redevelopment of the mining estates, under the Commitment to a New Lease of Life for the Mining Area (Frenc acronym: ERBM), is a driver for employment, improving residents' living environment and the appeal of this local area.