PO SEUR Management Authority published yesterday, March 30, the Call for Applications/Invitation code POSEUR-R1-2016-37, addressed to the Management Structure of the Financial Instrument for Urban Rehabilitation and Revitalization (EG IFRRU 2020) for the implementation of the financing model IFRRU 2020 organized on three levels (Fund of Funds, regions and retail financial institutions). Applications run until 17:00 of April 13, 2016.
The goal of this call is the creation of a fund of funds, funding of financial debt instruments or guarantees, particularly in the form of loans and/or guarantees may also be for interest rate subsidies and guarantee fees, in order to facilitate access to financing for the promotion of urban rehabilitation and revitalization investments, throughout the national territory.
The Fund of funds to create will finance regional financial instruments that will offer only financial products or debt guarantee, and may take the following types:
Credit lines with financial institutions and financing of PO intervention, with the possibility of bonus guarantee fees with the following potential breakdowns:
- Credit lines to finance business investment in urban rehabilitation and revitalization, can be complementary to the support to enterprises under the Incentive Scheme or IF to support competitiveness;
- Credit lines for financing investments in urban rehabilitation and revitalization of public or private non-profit organizations;
- Urban credit lines for financing investments in the rehabilitation and revitalization and in addition, energy efficiency in housing (excluding social housing), carried out by individuals, which include condominiums.
Provision of guarantees through financial intermediaries as specialized agencies.