The European Investment Bank supports increasing financing for affordable housing, Head of Housing, Cities and Regions at the EIB Luis Hebrero Rodriguez said during a panel discussion at the 13th session of the World Urban Forum (WUF13) in Baku.
According to Report, Luis Hebrero Rodriguez stated that the housing sector is currently at a critical turning point.
"The issue of housing affordability is global in scale and affects every country. The lack of access to sustainable and affordable housing is truly a universal challenge," he noted.
Rodriguez said that last year the EIB allocated around €5 billion to support the housing sector out of its total financing portfolio of €100 billion, adding that the bank intends to further increase these investments.