FPSH fund, established in 2010 with a duration of 29 years, is a closed-end real estate fund for investment in the Emilia Romagna region, in particular in the city of Parma.
The Fund’s main aim is to respond to the housing shortage existing in the reference area by increasing the supply of social housing through cooperation with the non-profit sector and the Public Administration, combining social contents with the aims of profitability of the investors.
The project plans the creation of about 852 dwellings for a gross area of about 61,200 sq. m divided into seven different sub-areas. Once completed the development stage, 50% of the dwellings will be sold, 20% rented at affordable rents (with a buy-back option from the 5th year), and 30% rented at an affordable rent for 25 years and then sold.