The FIA began its operativity in 2010 with a budget of 2 billion euro (CDP, MIT and other Institutional Investors). FIA acts as national investment found, investing money in participation quotas of local founds managed by other SGR (the SIF – Sistema Integrato dei Fondi). After 4/5 parts of the investment period, deliberations has been assumed for more than 1,7 billion euro, in 29 local founds managed by 9 SGR, with 220 potential projects for more tan 16.800 social housing units and 6.350 bed places in temporary and student residences. The geographical distribution of the investments regards more the regions in the North (66%) and the regions of Central Italy (20%) where local founds have found complementary resources to the FIA’s investment to start the interventions, the 8% of interventions is located in the regions of South Italy and the 6% still need to be located. The functional mix of the projects have a majority of social housing, temporary and students housing (89%) compared to other destinations, such as housing for the open market (5%), neighborhood markets (4%), services (2%). The 62% of the social housing units are bounded to be leased, the 21% to rent with agreement of future sale and the 17% to the sale with agreed price to the Municipalities. The intervention typologies can be collected into 4 main cathegories: urban regeneration, restoration and new functions for existing buildings, acquisition of unsold buildings for long rent periods and interventions in parts of the city under completion. The projects are caharacterized not only by the increment in the number of social housing units, but also to the urban regeneration of the urban districts in which they are located, offering new spaces and services for the existing communities. The housing units are assigned through public announcement, with charges and prices agreed with the Municipalities, that are usually under the free market price for the 20/30%.

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