The European Investment Bank (EIB) is teaming up with Czech bank Česká spořitelna to increase the number of affordable homes in the capital Prague, marking a first-of-its-kind housing initiative in the country. The EIB will finance part of the project, which aims to build more than 700 apartments in Prague for public-sector workers.
The EIB is providing Česká spořitelna with a loan of up to €60 million – almost a third of the total project cost of €187.5 million. The EIB credit and the remaining sum, which will come from a Česká spořitelna subsidiary called DBČS, to fund the housing construction.
Over 700 new apartments are set to be built across four locations in Prague, with delivery to public service employees scheduled throughout 2025 and early 2026.
Source of the information on the EIB website can be found here.
Photo: @EIB
10/04/2025
