The European Investment Bank (EIB) is exploring promising municipal housing models, Luis Hebrero Rodriguez, head of Housing, Cities, and Regions Advisory Division at the European Investment Bank, said at a panel discussion as part of the 13th session of the World Urban Forum (WUF13) in Baku, according to Report.
Rodriguez shared information about the bank's activities in analyzing and promoting effective housing models.
"The EIB is specifically exploring a variety of formats, from municipal housing companies and non-profit associations to cooperatives and public-private partnerships. Long-term lease mechanisms, as well as the role of municipal authorities in regulating the housing market, deserve special attention. It is crucial to ensure that housing is not resold at market prices after 5, 10, or 15 years; otherwise, all the benefits of state participation will be lost," the banker emphasized.