A partnership agreement for Essonne Habitat

On 16 July, Régis Pélissier, the Caisse des Dépôts Ile-de-France Regional Manager, Chantal Elie-Lefebvre, the President of Essonne Habitat, and Céline Dourdan, Chief Executive Officer, signed the partnership agreement setting the financial support to Essonne Habitat by Caisse des Dépôts.

Property & housingBanking services and consignments
16July2015

The agreement formalises the commitment of €80mn in loans out of savings funds by Caisse des Dépôts put in place until 20 January 2017 to support the development of social housing company (ESH) Essonne Habitat. Over 2,000 homes will be delivered by 2023 , an annual average of 150 new homes that represents an increase of over 20% in the ESH asset portfolio. The faster pace and increased volume of new housing production is an illustration of Essonne Habitat commitment to achieving the goals of the National HLM (social housing) Pact.

Essonne Habitat manages a portfolio of over 10,000 homes in the Essonne and Seine-et-Marne departments. The agency is currently pursuing an active policy of developing new housing supply and rehabilitating existing assets to reduce energy consumption, and is also working to improve the attractiveness of local areas and in the field of urban renewal programmes. As the biggest social landlord in Evry Centre Essonne conurbation, Essonne Habitat is also involved in the process of regrouping rental assets in the Evry-Courcouronnes sector.

Under the terms of its mission to serve the public interest, Caisse des Dépôts finances investment in rented social housing and urban policy (new construction, rehabilitation, urban renewal and asset acquisition). Essonne Habitat medium-term development plan is designed to diversify new housing supply, reclassify existing assets, optimise energy efficiency across its portfolio and carry out a sustained programme of maintenance of all its properties. Loans out of savings funds will be required to finance the programme, as will the intervention of Caisse des Dépôts in respect of the terms on which the new loans are to be implemented, the financial characteristics of the loans, or the agency outstanding debt.

Through this agreement, Caisse des Dépôts once again demonstrates its readiness to back local organisations in their development, and its support for local policies.

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