lithuania: modernization of multifamily buildings using the jessica financial instrument arŪnas...
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LITHUANIA: MODERNIZATION OF LITHUANIA: MODERNIZATION OF MULTIFAMILY BUILDINGS USING THE MULTIFAMILY BUILDINGS USING THE
JESSICA FINANCIAL INSTRUMENT JESSICA FINANCIAL INSTRUMENT
ARŪNAS REMIGIJUS ZABULĖNASARŪNAS REMIGIJUS ZABULĖNAS
VICE-MINISTER OF ENVIRONMENT, LITHUANIAVICE-MINISTER OF ENVIRONMENT, LITHUANIA
THE LITHUANIAN HOUSING STRATEGY THE LITHUANIAN HOUSING STRATEGY
Main goals:
1.Expand housing options for all social groups
2.Strengthen the capacity of the housing sector in the housing market
3.Ensure effective use of existing housing, maintenance, upgrading and modernization, including the rational use of energy resources
approved at January 21, 2004 by theLithuanian Government English version available on the internet site www.am.lt
- Program for refurbishment of multifamily buildings (new version approved at 20 September, 2009)
- Program for social housing development (approved at 5 July, 2008)
BASIC FACTS ABOUT LITHUANIAN HOUSING (I)BASIC FACTS ABOUT LITHUANIAN HOUSING (I)
•population - 3,37 million• more than 38,000 multi
family buildings•more than 800,000 apartments•66 % of population lives in multi family buildings built before 1993
The age structure of buildings 26 % built before 1960 65 % - 1960 – 1990 9 % - after 1990
• most in poor condition, lack of proper management
• inefficient heating systems and engineering equipment, bad quality windows, roofs, seals between panels
• more than 57 % of households are not satisfied with their houses
• During privatization, only apartments were privatized, but not the buildings as such
• 97% private, only 3 % municipal rental stock
BASIC FACTS ABOUT BASIC FACTS ABOUT LITHUANIAN HOUSING (II)LITHUANIAN HOUSING (II)
ENERGY LOSSENERGY LOSSESES
ZZZZZ
VentiliationInfiltration
23 %
Roof 9 %
Multi family buildings consume ~9,5 TWh energy per year
Refurbished multi family buildings can save ~ 4,75 TWh
Windows 18 %
Walls 45 %
Basement 5 % Average energy consumption ~ 130 kWh/m² per year
Average energy consumption ~ 130 kWh/m² per year
ENERGY SUPPLYENERGY SUPPLY
65 % of multifamily buildings are served by district heating systems
Current energy consumption ~ 160 kWh/m2
PREVIOUS EFFORTS TO CHANGE THE SITUATION
World Bank Energy Efficiency & Housing Project 1996-2004
Government sponsored assistance scheme for renovation of apartment buildings 2006-2008 (“The Old Program”)
RATIONALE TO USE JESSICA INSTRUMENT (I)
Need to continue renovation effortNeed to revive the construction sector during
the crisisReduce the dependancy on imported fossil
fuel supplies
DECISION TO USE JESSICA INSTRUMENT (II)
Concept of a new support scheme developed by Government – February 2009
A number of laws were amended or newly adopted during the year by Parliament
Holding Fund created to finance the ProgramEIB contacted to assume the management of
Holding Fund – March 2009
DECISION TO USE JESSICA INSTRUMENT (III)
Contract with EIB signed on June 11, 2009EIB launched selection of financial
intermediaries – October, 2009Financial intermediaries selected – February
8, 2010First contract with financial intermediary
signed – June 1, 2010
Fast track process – more than a year
CHALLENGES
Housing stock management is poorly organized
People are afraid to borrowRole for housing and urban development
agency:Public awareness campaign Preparation of boilerplate blueprints for
renovationEndorsement of renovation designs in loan
application process
JESSICA Holding Fund amounts to € 227 million:
- € 127 million European Regional Development Fund
- € 100 million National co-financing
- Expected at later stage– some funds will be contributed by commercial banks
JESSICA HOLDING FUND JESSICA HOLDING FUND
JESSICA
ELIGIBILITY
Multi family houses built before 1993
Under consideration:University dormitories;The “Old Program” (for Applicants who
were not granted support due to lack of funds)
Public buildings (schools, kindergartens) are renovated under different schemes
• long term (20 years) fixed interest rate (3%) loan for implementation all modernization measures
50% reimbursement of technical documentation preparation costs
Additional incentives
• 15% of loan principal covered, provided 85-110 kWh/m2 energy efficiency achieved
• • 100 % support to low income families
THE JESSICA PRODUCT THE JESSICA PRODUCT
JESSICA
Modernization of heating and hot water systems
Replacement of windows and external doors
Roof insulation
Insulation of external walls
Glazing of balconies
Installation of alternative energy sources (solar, wind, etc.)
Additionally, these measures are eligible:
Replacement of elevators, renovation of electric wiring, and other works in shared areas of the multifamily building
ENERGY EFFICIENCY MEASURES SUPPORTED ENERGY EFFICIENCY MEASURES SUPPORTED BY JESSICA BY JESSICA
JESSICA
READINESS TO PROCEED
Approximately 20 houseowner associations have expressed firm readiness to use JESSICA product as soon as EIB signs contracts with commercial banks
EXPECTED OUTCOMEIt is planned to modernize 24.000
houses, by the year 2020
After the modernization, one house would halve energy consumption and save 125 MWh a year
This translates into ~€290 million
45 apartment multi family building Insulated external walls and roofWindows replaced
Glazing of balconiesModernization of the heating substation
and the heating systems
Energy efficiency improvement – 60 %
POSIBILITIES (II)POSIBILITIES (II)SUCCESFULLY IMPLEMENTED PROJECTS (SUCCESFULLY IMPLEMENTED PROJECTS (TELŠIAI) TELŠIAI)
Before After
Before After
120 apartment multi family building Insulation of external walls and roofWindows replacement
Glazing of balconies
Energy efficiency improvement – 40 %
POSIBILITIES (III)POSIBILITIES (III)SUCCESFULLY IMPLEMENTED PROJECTS (VILNIUSSUCCESFULLY IMPLEMENTED PROJECTS (VILNIUS) )
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