Recovery Plan: stock take
Time & Location
About the Event
The Coronavirus pandemic has put the spotlight on Europe’s housing crisis, exposing the shortcomings of our housing policies that have increased inequalities and left many households more vulnerable.
Existing EU funding and the new Recovery and Resilience Facility of a total € 560 billion budget gives the possibility to Member States to use additional funding to the affordable housing sector to deliver efficiently on the Renovation Wave.
EU Member States are just finishing developing the national Recovery Plans as part of their exit strategies to the COVID-19 pandemic and affordable housing investment- as a driver for sustainable and resilient communities- is an important pillar of such strategies. The European Commission made the link clear with the National Energy and Climate Plans and European Semester, to make sure that the Plans are focusing on those investments.
However, some issues remain open, for example the legal implications on the EU state aid and deficit rules which could slow down projects or the ability on local level to absorb the funds (including co-financing and capacity issues).
This online session will be an opportunity to discuss how the Recovery Plans are contributing to deliver on the Renovation Wave in the affordable housing sector, what the impact on State Aid will be and how the absorption on local level could be helped. Being aware that in some countries important structural reforms would be needed in order to ensure long-term financing to deliver on the Renovation Wave, the webinar will be an addition to other on-going discussions.