The Board of Governors of the National Development and Social Fund (hereinafter referred to as “NDSF” “Fund” or “Agency”) would like to announce that a Memorandum of Understanding (MOU) between the NDSF and the Housing Authority has been signed today. NDSF has firmly committed €50 million towards a social housing project.
The Board of Governors of the National Development and Social Fund (hereinafter referred to as “NDSF” “Fund” or “Agency”) would like to announce that a Memorandum of Understanding (MOU) between the NDSF and the Housing Authority has been signed today. NDSF has firmly committed €50 million towards a social housing project.
NDSF’s funding of this social housing project is of national importance and in the public interest. The social investment is aligned with at least three aims of the Agency detailed in its founding regulations. Namely, to assist in initiatives to provide for social housing; to combat social exclusion and to undertake initiatives for the benefit of future generations. The salient features of the Social Housing Project are the following:
The Agency is confident that through this social housing investment it is fulfilling its commitment to a sustainable future. Moreover the NDSF believes that this project will become a model for social housing development in years to come.
The National Development and Social Fund is a government agency established for the purpose of managing and administering seventy per cent of the contributions received from the Individual Investor Programme of the Republic of Malta set up by virtue of the Malta Citizenship Act Cap.188.