1. Social Housing in Italy – The experience of Fondazione Housing Sociale Lecco, 20 maggio 2015

2. 1 Fondazione Housing Sociale was born to answer to a need  Fondazione Housing Sociale was created in 2004 to develop the Social Housing Programme, conceived by Fondazione Cariplo to carry out real estate projects of a social nature  Among the founders were also Regione Lombardia and ANCI Lombardia, underlying the public - private partnership that characterizes the project. In 2008, in response to the positive feedback of the first initiatives, the operation of FHS has been extended to the national territory  Its mission is to experiment innovative solutions for structuring, financing, construction and management of social housing initiatives economically sustainable, not based on the logic of free grants  FHS is now a reference point for the promotion of the sector, the facilitation of projects and the monitoring of their quality. FHS has acquired diversified skill sets, enabling an integrated approach to the development of private social housing initiatives  FHS is a private, non profit entity, and works for the purposes of public and social interest  As part of the Integrated System of Funds, FHS currently assists 16 funds (more than 150 operations) Social housing is defined as the set of dwellings and services, actions and instruments addressed to those who are unable to meet their housing and related primary needs on the open market for economic reasons or due to a lack of appropriate supply options > €50.000 5% Annual gross incomePercentage of population 2011 < €12.000 < €50.000 > €12.000 56% 39% Fonte: Ministero dell’Economia e delle FInanze

3. 2 Sustainability, social housing and community services Social housing Community services Economic and financial sustainability in the long term Sustainable community Urban project Features of the settlement, guidelines construction of buildings, etc. Social project Services to be set up: commercial, social, special initiatives (i.e. safe housing, community facilities) Financial project Financial analysis of the investment and preparation of relevant documentation Community management Community services −health −elderly −childhood −young −disabled −cohesion −education −sport and culture −leisure «Incubation» of new activities Diffusion of “prototype” projects

4. 3 The structure of the Integrated System of Funds is complex but effective -Raising of local equity -Return on investments -Authorisation process Critical factors

5. (*) Temporary housing" includes student residences, RSA, “case/albergo” * SOCIAL HOUSING MIXINVESTMENT MIX Social Housing INVESTMENT MIX %Square m. Social Housing76,0%1.062.520 Temporary Housing13,5%189.338 Houses on sale4,8%67.055 Commercial property3,3%45.881 Local services2,4%33.867 Total1.398.661 SOCIAL HOUSING MIX %Nr Social houses on sale18%2.139 Rent to buy22%2.542 Rent60%7.010 Total11.691 4 The full coverage of Italy is almost completed Note: data as at June 2014

6. Selected projects 5

7. 123 dwellings 850 mq commercial property 250 mq housing services 1.800 mq local services 6

8. Status: completed Xlam energy class A Building the community:  Sustainability and responsibility  Sociality and participation  Sharing and organization 7

9. 323 dwellings 255 mq housing services 2.650 mq di local services 1.325 mq commercial 8

10. Status: under construction, expected delivery at the beginning of 2015 9