Italian incentives to develop sustainable building - Banks

Intesa San Paolo Banking Group, Regione Piemonte and ITACA (Federal Association of Italian Regions) approved a program to reduce home loan cost.

It is possible to have these incentives if the ITACA Protocol is applied and if the building achieves the 2nd level.

ITACA Protocol is a rating system for social housing, that Italian Regions have developed. ITACA is a member of SBC Italia and this association assesses sustainable buildings.

The builder and the buyer have incentives on home loans, if the builder presents a certification that confirms the correct application of ITACA Protocol.

Benefits for builder:

Euribor 6 mount (360) + spread: range 0.80 % - 1.75 %;

Cost of prliminary hearing: 0.20 %;

Loan in amortization: spread max. 2.50 %.

Benefits for buyer:

Loan 10Y: Euribor 6m + 0.95 %; IRS10y +1.15 %;

Loan 15Y: Euribor 6m + 1.05 %; IRS 15y +1.30 %;

Loan 20y: Euribor 6m + 1.20 %; IRS 20y +1.45 %;

Loan 25y: Euribor 6m + 1.30 %; IRS 25y +1.60 %;

Loan 30y: Euribor 6m + 1.50 %; IRS 30y +1.80 %.

CAP 10y: max. 6 %; spread: 1.50 %:

CAP 15y: max. 6.25 %; spread: 1.75 %;

CAP 20y: max. 6.50 %. spread: 2.00 %.

Loan max: 80 % on build / flat value.

Participating banks:

SANPAOLOIMI Direzione Imprese via S. Maria, 8 – 10122 Torino Tel. 0115552329;

SANPAOLO Banco di Napoli Direzione Imprese via Toledo, 177/178 – 80133 Napoli Tel. 01817913661;

CASSA DI RISPARMIO PADOVA E ROVIGO
Rete Commerciale c.so Garibaldi, 22/26 – 35122 Padova Tel. 0498368895;

CASSA DI RISPARMIO BOLOGNA Rete Commerciale via Farini, 22 – 40124 Bologna Tel. 0516453558;

CASSA DI RISPARMIO VENEZIA Rete Commerciale via Torino, 164 – 30175 Venezia Tel. 0415291870;

FRIULCASSA Rete Commerciale via Del Monte, 1 – 33100 Udine Tel. 0432599217;

SANPAOLO BANCA DELL’ADRIATICO
via Gagarin, 216 – 61100 Pesaro Tel. 0852053433.