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IFRRU 2020 Credit Program

Renovate your property with special financing conditions

Three architects reviewing project blueprints at a desk
Three architects reviewing project blueprints at a desk

How it works

Here's what you can do

What is it? It’s a credit program under the IFRRU 2020 program, designed to support urban rehabilitation and regeneration projects, offering more favorable financing conditions than those generally available in the market.
Who is it for? It’s intended for individuals (sole traders) and public or private organizations seeking financing for urban rehabilitation and regeneration projects, including works that improve the energy efficiency of buildings.
No limit on applications Submit as many financing requests as you need, with no limit per applicant.
Where? The buildings to be renovated must be located in Urban Rehabilitation Areas (ARUs) designated as priority areas by the relevant municipality. Learn more
What is it? It’s a credit program under the IFRRU 2020 program, designed to support urban rehabilitation and regeneration projects, offering more favorable financing conditions than those generally available in the market.
No limit on applications Submit as many financing requests as you need, with no limit per applicant.
Who is it for? It’s intended for individuals (sole traders) and public or private organizations seeking financing for urban rehabilitation and regeneration projects, including works that improve the energy efficiency of buildings.
Where? The buildings to be renovated must be located in Urban Rehabilitation Areas (ARUs) designated as priority areas by the relevant municipality. Learn more

What to consider

What are the eligible purposes and expenses?

Full building rehabilitation
Buildings that are 30 years old or older or, if newer, have a building condition rating of 2 or below.
Rehabilitation of abandoned industrial sites and units
May include the construction and refurbishment of buildings, as well as the redevelopment of public spaces.
Rehabilitation of private units
Private units located within social housing buildings undergoing full rehabilitation.
Urban rehabilitation with energy efficiency support
The IFRRU 2020 credit program also finances energy efficiency improvements as part of the same funding application, alongside urban rehabilitation works. Rehabilitated buildings may be used for housing, business activities, or community facilities.
Eligible costs
Urban rehabilitation and regeneration works, as well as energy efficiency-related expenses and general costs associated with the project.

Financing

See all terms and conditions

Term
Maturity up to 20 years
Financing components
Co-financing in two components:
  • Millennium bcp funding
  • Public funds (ESIF
Grace period
Investment implementation period plus 6 months, up to a maximum of 4 years.
Interest Rate
Interest rates below those typically available on the market for comparable investments:
  • Millennium bcp component: spread calculated according to the risk profile of the operation;
  • Public funds componente: 0% fixed interest rate.

How to apply

Apply in 3 steps

Overhead view of two architects discussing a project with blueprints and a model Overhead view of two architects discussing a project with blueprints and a model
Municipal eligibility opinion
Solar panels installed on the roof of a house at sunset Solar panels installed on the roof of a house at sunset
Energy assessment
Woman at a desk organising bills with a laptop and a calculator Woman at a desk organising bills with a laptop and a calculator
Financing application

Other informations

Housing Portal

Download

Beneficiary guide

Download

Application form - PDF

Download

Application form - Excel

Download

Energy Efficiency Measure

Download

Final Beneficiary Implementation Report

Download

IFRRU Brochure

Download

Need help?

We are here for you

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Looking for a branch?
Find the nearest branch
Find the nearest branch
Need to call us?
Call 21 004 24 24 (call to national landline)
Call 21 004 24 24 (call to national landline)