1. Financing and implementing inclusive housing
Samir Kulenovic
CEB Technical Advisor
Housing, Urban Development
European Network for Housing Research
Conference in Tirana, 4-6 September 2017

2. CEB: the social development bank in Europe
The oldest European multilateral development institution, set up in 1956
41 member states
Based in Paris, France
Promoting the values and principles of the Council of Europe

3. Geographical focus solidarity among the CEB member states
increased support to 22 target countries
As a manifestation of solidarity among the CEB member states, the Bank provides increased support to 22 “target countries”:
Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Estonia, Georgia, Hungary, Kosovo, Latvia, Lithuania, Malta, Montenegro, Poland, Republic of Moldova, Romania, Slovak Republic, Serbia, Slovenia, “the former Yugoslav Republic of Macedonia” and Turkey

4. CEB’s social mandate invests in projects with a social impact
responds also to emergency situations
sectoral line of action:
strengthening social integration
environment
public infrastructure with a social vocation
MSMEs for the creation and preservation of viable jobs
There are 10 sectors of action where CEB finances projects: Aid to refugees, migrants and displaced persons; Housing for low-income persons; Improvement of living conditions in urban and rural areas; Natural or ecological disasters; Protection of the environment; Protection and rehabilitation of historic and cultural heritage; Health; Education and vocational training; Infrastructure of administrative and judicial public services; MSMEs

5. Sectoral priorities
3 priorities set in the new Development Plan :
Sustainable and inclusive growth
Integration of refugees, displaced persons and migrants
Climate action: developing adaptation and mitigation measures

6. Emergency situations Migrant and Refugee Fund
Regional Housing Programme
MRF: € 18 million for emergency projects: Croatia, Greece, Serbia, Slovenia, FYROM
In 2016, the migrant and refugee crisis continued to be one of the biggest challenges facing Europe. From providing emergency aid to funding long-term integration, the CEB was at the forefront of support to migrants and refugees and the communities that host them accross the continent.
The CEB assistance was used primarily to increase shelter capacity and improve conditions in reception centres, as well as to provide food, health care and legal advice to migrants and refugees.

7. Emergency situations RHP: EUR 183 million for 9 500 housing units
Partner Countries, International community, and Donors
BiH
Serbia
Montenegro
Croatia
EC, UNHCR, OSCE
Donors: EC, the USA, Germany, Italy, Norway, Switzerland, Denmark, Turkey, Luxembourg, Cyprus, Romania, the Slovak Republic, the Czech Republic, Hungary and the former United Nations High Commissioner for Refugees, Ms Sadako Ogata, pledged contributions

8. 2016 approvals

9. ALBANIA and CEB Accession:1999 Share in the capital: 0.245%
Loans: 30 loans, € 177 million
Grants:2 grants, € 1,3 million
Housing Project:
Social Housing for Low-Income Persons, housing units in eight municipalities
FIP – Social Housing for low-income persons. The objective of this project is to build 2300 social dwellings in eight municipalities of Albania to provide housing for 6000 persons (among others: Durres, Kavaje, Kruje, Shkodra, Shijak, and Tirana)

10. Project cycle Evaluation 7 Completion 6 Identification 1 Appraisal 2
Disbursements & monitoring 5
Approval by the Administrative Council 3
Negotiation of loan agreement 4

11. Assessment Institutional and Implementation Arrangements
Project Progress and Outputs
Costs and Financing
Socio-Economic Effects and Sustainability
Environmental Effects
Ownership of the project, Project governance /Institutional arrangements, Overall Project Design, Project Management, Accounting, auditing and control systems, Monitoring and evaluation
Progress / timeliness, Changes in scope and rationale, Enabling sector policies, Quality of outputs / compliance with standards, Operation and maintenance , Cost variances and rationale, Cost effectiveness and affordability
Financing plan, Economic benefits, Social benefits and sustainability, Social safeguards management, Project compliance with standards , Project impact on environment, Climate change adaption, Environmental safeguards management, Economic and financial, Institutional

12. Sustainable and inclusive growth Housing
Housing finance:
low-income persons
integration of refugees, migrants, displaced persons and other vulnerable groups
energy efficiency
Housing: about 20% share of total loans
First housing project: home ownership for refugees, Greece, 1956

13. Affordability housing policies and markets fiscal space, on-lending
finance instruments:
public, private, PPP, direct
lending, intermediaries
mortgage terms, subsidies
tenure: rental, ownership, mixed
eligibility criteria
locations, housing modality, technical solutions
culture
income generation measures
Markets: unitary and dual; Before 4-6%GDP long term average, 0,5%,

14. Who cannot afford? 13 sample project, total cost EUR 760 M
families
Markets: unitary and dual; Before 4-6%GDP long term average, 0,5%,
Categories of Beneficiaries
Type of tenure

15. Affordability measures, sample project
competition intermediary banks and insurance companies
reduce beneficiary down-payment
longer tenure
administrative and technical support to beneficiaries
spread of geographic locations, 2nd hand houses
eligibility criteria: scoring weight on low income
Markets: unitary and dual; Before 4-6%GDP long term average, 0,5%,