The European Investment Bank (EIB) is providing a loan of 240 million euros to Gewobag Wohnungsbau-Aktiengesellschaft Berlin, a municipally-owned housing company. The money will flow into the construction of new housing by the municipal company in the capital. The financing demonstrates how municipal housing companies can refinance themselves through EU funds. Gewobag is one of Berlin's largest municipal landlords.
This article was created with AI assistance and editorially reviewed.