Encouraging the acquisition of energy efficient housing

ongoing

This project in partnership with the public bank Vakifbank, second largest Turkish state bank by market share, has the dual objective of contributing to the development and strengthening of the bank's practices for green housing, and to stimulate and amplify the spread of energy and environmental efficiency measures for players in the construction sector. The project will be structured around two components:A credit line to Vakifbank to facilitate access to credit for Turkish households wishing to acquire category A or B housing which is more energy efficient than the minimum standards applicable for new buildings (category C which still constitutes today the vast majority of new buildings).A technical assistance program intended both to strengthen the technical skills of Vakifbank's account managers and analysts for the development of the green housing portfolio and to make the bank's clients more aware of sustainable practices and to encourage cooperation with main players in the construction sector to develop the supply of green housing in Turkey.