Social Housing: financial support for the creation of 500 homes in Umbria

The image that accompanies the News on the financing for the construction of four social housing real estate initiatives promoted in Umbria by the “A.S.C.I. – Sustainable Living in Central Italy” managed by Prelios, portrays some new buildings that house various housing units

Intesa Sanpaolo is providing €19.5 million to support a social-housing project in Umbria for the creation over 500 units, mainly intended for long-term rentals and sales at below-market prices.

In particular, the loan to the fund A.S.C.I. – Abitare Sostenibile Centro Italia, managed by Prelios SGR, will enable work to be completed at open construction sites, thus meeting the housing needs of families and promoting the urban and social regeneration of the various affected neighbourhoods.

A.S.C.I. is a socially beneficial real estate investment fund managed by Prelios SGR and 70% owned by CDP Immobiliare SGR through Fondo Investimenti per l’Abitare (FIA).

In its 2022-2025 Business Plan, Intesa Sanpaolo has renewed its pledge to be a leading bank in terms of social impact, envisaging a project to promote 8,000 social housing units for young people and seniors, making it one of the largest social housing programmes in Italy.