75 million euros loan from EIB to build low-energy houses in Sweden
The European Investment Bank (EIB) provided a loan of 75.1 million euros to Stockholm's Kooperativa Bostadsförening (SKB) to build in Stockholm low-energy houses which will reach an energy consumption approximately 25% below the Swedish authorities’ requirements.
What is Stockholm Kooperativa Bostadsförening
Stockholm Kooperativa Bostadsförening is a cooperative tenancy association with 92.000 members. It builds and manages homes that are rented out to members in the form of cooperatives. With more than 8.200 apartments in Stockholm, and six surrounding municipalities, it is the largest private rental operator in the Swedish Capital which built the earliest apartments in 1917. The executive organization has 140 employees and is run on corporate terms as a financial association where the surplus is reinvested in the business.
Before the recent loan of €75.1 million, SKB already received an EIB loan worth €57.8 million in 2017 and was the first S