The Council of Europe Development Bank (CEB) approved an additional loan of €100 million to ADOMA, the leading social housing provider and operator of reception centres for asylum seekers in France. The approval brings the total CEB financing for ADOMA’s ongoing Multi-annual Strategic Asset Plan to €200 million.

The additional CEB loan will further help ADOMA to improve housing access and conditions for those who are experiencing economic and integration difficulties and are unable to find accommodation within the traditional housing stock, such as persons with disabilities, migrant workers, asylum seekers, and elderly and homeless people. In particular, the CEB financing will support the management, improvement and renewal of ADOMA’s housing stock, including safety upgrades and the retrofitting of existing housing units in accordance with energy efficiency best practice.

The CEB’s support to ADOMA to date has helped finance about 1 100 projects, aimed at providing more and better housing solutions for vulnerable beneficiaries, 60% of whom originate from outside the EU. The additional loan is expected to have a similar impact.