Affordable Housing

1,106,187,230 euros of the proceeds of the sustainability bond issued in April 2020 were allocated to the affordable housing category. That equals 83.80% of the total nominal amount of the sustainability bond. The selected projects concern projects from both the Flemish Social Housing Company (VMSW) and the Flemish Housing Fund (VWF).

The projects of the affordable housing category are ranked based on the E-level of the buildings.

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Is a distinction made between investments for housing projects?

A distinction is made between so-called green investments and social investments. Green investments include all projects with an E-level equal to or below 60. If the E-level is missing for some buildings of the project or some buildings of the project have an E-level above 60, the investments are considered social investments.

Want to know more about the allocation and impact of the allocated proceeds? Read every detail in our latest sustainability report.