Italian asset manager Cassa Depositi e Prestiti (CDP) Group has launched the Fondo Nazionale dell'Abitare (FNA), a fund dedicated to affordable housing.
This initiative marks a significant step in CDP's ongoing partnership with the European Commission to foster sustainable and inclusive growth.
FNA, the first fund of its kind in Europe, has an initial capital of €100 mln, backed by a 50% EU guarantee under the InvestEU program. This combination of public and EU funding will enable the fund to invest in social housing projects, addressing housing shortages and supporting vulnerable populations.
The fund's structure is designed to attract additional public and private investors, maximizing the impact of invested capital.
This aim aligns with the EU's intervention priorities, placing the new fund within the Social Investments and Skills window, one of the 4 thematic areas supported by the EU investment program.
FNA complements CDP Real Asset's existing portfolio of financial tools (FIA and FNAS) to support the development of social, student, and senior housing,
CDP Real Asset is an asset management company founded by Cassa Depositi e Prestiti, in partnership with ACRI and ABI. It specializes in managing alternative investment funds for professional investors. CDP Real Asset focuses on four main sectors: social housing, urban regeneration, tourism, and infrastructure.
