On 20th May 2019 in Brussels, Oleksandra Gumeniuk – Director of European-Ukrainian Energy Agency (EUEA), took part at the official start of new project on innovative financing “SMARTER Finance for Families” under HORIZON 2020.
Green Finance is an important and developing trend that is increasing investments into environmentally and socially responsible projects while reducing financial risk to those lending for those projects. This concept creates a tremendous opportunity to positively transform the health and environmental performance, quality, comfort and financial viability of Europe’s new and existing housing stock.
SMARTER Finance for Families is a Horizon 2020 project to implement ambitious yet practical Green Homes & Mortgage programmes in 12 European countries that includes the collaboration and participation of 17 expert green building, green energy, research and other organizations.
The project uses comprehensive Green Homes certifications to assess and recognize top performing residential projects incorporating sustainable construction principles. Evidence from financial and technical modeling have proven that investing in energy efficiency and other green building attributes for homes
- Improves housing quality
- Reduces the total monthly cost of ownership for the homeowner
- Increases sales prices for the project developer/investor
- Substantially reduces financial risk for the bank offering the mortgage on the home
The existing program includes over 25 projects representing 6.000 housing units certified or in process.
“Through the SMARTER Finance For Families project we bring an innovative and systemic solution to a systemic problem. We are creating significant opportunities for the finance and building industry to deliver the green performance we need for Europe’s citizens and their homes.” explains Steven Borncamp, Project Director of the initiative.
The project in its majority is addressed to residential project developers, financial institutions offering residential mortgages, institutional investors and companies offering services, products, materials, technologies, and other solutions that contribute to the construction and operation of the greenest, most energy-efficient residential properties. Representatives of national and local government and associations promoting the environment, energy efficiency, and/or better housing are welcome to join to learn more about how this programme facilitates improved building standards. This is relevant both for those in the participating countries or anyone interested in learning about bringing this initiative to their home market.
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