FC programme for renewable energies, energy efficiency and environmental protection

completed

The aim of the Ecocasa program is to contribute to the Mexican government's efforts to reduce CO2 emissions in the new construction sector for low and middle income groups (goal of the FC measure). The project includes the provision of bridging loans to project developers to promote particularly energy-efficient housing. The direct beneficiaries of the program are low and middle income households in Mexico (target group). The borrower and program sponsor is the state development bank Sociedad Hipotecaria Federal. The Ecocasa program is part of the Supported NAMA for energy-efficient residential buildings (new construction), a project supported by TC via the Mexican-German NAMA program (BMUB-IKI), which was launched on the occasion of the 17th Conference of the Parties to the Framework Convention on Climate Change. The German government is thus one of the first governments worldwide to financially support the implementation of a Supported NAMA in the housing sector. The FC measure serves to refinance low-interest bridging loans from financial intermediaries to Mexican project developers for the construction of around 27,000 energy-efficient homes, which are expected to reduce CO2e emissions by 20%. The development loans are expected to represent up to around 65% of the total construction costs. The remaining investment costs are provided by the project developers or home buyers.