Social Housing Plan for Sicily Underway

60 million euros from the Region and CDP’s FIA ​​ to build new social housing properties recovering disused properties

Rome, November 29, 2016

A 60 million-euro plan for social housing in Sicily will benefit from public and private investment and target single-income families, young couples, university students, seniors in difficult conditions, atypical workers, and other social categories in need of affordable housing. Executing the plan are the Region of Sicily and the Fondo Esperia, whose main investor is the FIA ​​- Fondo investimenti per l’Abitare,  managed by CDP Investimenti Sgr. In the selection of real estate projects, the Fund will give priority to projects located in major Sicilian cities and able to achieve at least 50 social housing units, with the aim of recovering existing properties or otherwise use areas covered by previous construction projects. The project may also use the contribution of institutional investors and local stakeholders who wish to support the process of transforming old buildings into disuse and the spread of social housing in the South and in Sicily in particular.

"We are delighted to contribute to the plan of social housing dedicated to Sicily,” commented Marco Sangiorgio, Managing Director of CDP Investimenti Sgr. “It is the missing piece to date to expand the program nationwide, formed to create 20,000  rent-controlled apartments and 8,500 beds in temporary residences throughout the country, for which the CDP Group has mobilized 3 billion euro. "