HAVEL & PARTNERS provided comprehensive legal advice to the National Development Bank in drafting model loan documentation under the Affordable Rental Housing programme.

The project was attended to by partner Filip Čabart, senior associate Tomáš Mach, and junior associate Lukáš Janečka. In drafting the model documentation, it was necessary to take into account the requirements for co-financing the entire programme with EU funds and the involvement of senior lenders in financing individual projects. Thanks to the HAVEL & PARTNERS team’s expertise in banking, financing and state aid, the team supported the National Development Bank in setting up a legal framework compliant with all regulatory and practical requirements.

The Affordable Rental Housing programme, as part of the Czech Republic’s National Recovery Plan, aims to encourage the construction and reconstruction of apartments in order to increase the availability of rental housing. A total of CZK 2.25 billion has been allocated for the programme, implemented by the National Development Bank in cooperation with the Ministry for Regional Development.