We improve living conditions - Apartment associations
We offer apartment buildings various kinds of financial services to help to increase energy performance and improve the indoor climate.
Both non-returnable support and loan guarantees are available through KredEx.
The loan is directed towards those apartment associations that have received a negative response to their renovation loan application from a bank or an offer with unreasonable terms (e.g. very short term, an interest rate that is significantly higher than usual). With the help of the loan it is possible to finance renovation works and to combine the loan with reconstruction support offered by KredEx, in order to provide the apartment building with a completely new lease of life.
A loan guarantee is useful if a company wishes to use a bank loan, a lease or bank guarantee but lacks sufficient collateral or operating history to be issued a loan.
Loan guarantee is also helpful in solving short-term liquidity problems of energy-intensive companies, including retail and wholesale companies.
Reconstruction grant 2020 Closed
Reconstruction grant 2019 Closed
Comprehensive renovation of an apartment building helps improve the energy performance of the building, prolongs its lifetime, increases its value on the real estate market and ensures better indoor climate. The grant is intended for apartment associations and local authorities who want to renovate their apartment building as comprehensively as possible.
The 2022 application round is closed.
The purpose of the support is to provide partial funding for the renovation of electrical systems in buildings in Tallinn that use the old voltage system (3×220 V), with the purpose of changing the buildings over to the new 3x230/400V voltage system.