The Czech Republic will launch a new investment fund to support affordable housing, combining public and private capital with EU funding sources.
Národní rozvojová investiční from the Národní rozvojová banka group has initiated the creation of a co-investment fund that will invest 1.9 billion Czech crowns (€76 million) alongside private investor Česká spořitelna into new affordable housing construction across the Czech Republic. The state will contribute half the funding, with the private investor providing the remainder.
Following a public tender, Národní rozvojová investiční selected Reico investiční společnost from the EAM group as fund manager. The fund will be established during Q1 2026, with contracts to be signed in the coming days.
"Reico as operator of the largest and oldest real estate fund in the country has extensive experience with the real estate market. We are pleased to offer our expertise to the state and help solve housing affordability issues," said Dušan Sýkora, Chairman of Reico investiční společnost's Board.
Property selection and development will be coordinated by Dostupné bydlení České spořitelny (DBČS), which supports affordable housing construction for employees in socially important sectors. "We are working on seven projects that will bring a thousand apartments with affordable rent to market. We look forward to the new fund enabling us to realise projects not only in Prague but across the Czech Republic," said Marek Blaha, DBČS Board Chairman.
The co-investment fund will also access European Investment Bank credit. Over the next three years, it aims to finance construction of 400 affordable rental apartments for approximately 1,000 people, with funding split equally between Prague and other regions.
The model draws inspiration from Italy's Cassa Depositi e Prestiti, which established the Fondo Nazionale dell'Abitare - Europe's first fund focused exclusively on affordable housing with InvestEU programme support, investing around €4 billion in Italian affordable housing through banking sector partnerships.
