The mortgage renegotiation plan started in early April from Cassa Depositi e Prestiti with Municipalities, Provinces and Metropolitan Cities, was concluded with the participation of around 800 entities. The target? "Support local authorities, freeing up funds that can be used immediately in the area with interventions in favor of the population", explains CDP in a note.
“Mortgage renegotiation is a tool that CDP makes available to entities to support them for the purpose of local development in the complex and critical phases,” he declared. Massimo DiCarlo, Deputy General Manager and Business Director of CDP adding that “with this operation, Local Authorities will be able to free up resources of 2023 million in the period 2024-320 to be used immediately. In a moment of particular uncertainty linked to the current macro-economic and geopolitical context, Cassa Depositi e Prestiti is at the side of local administrators, to respond effectively to the requests of the communities and the needs of citizens".
CDP: the renegotiation of mortgages
It is “the most extensive operation of mortgage renegotiation carried out in recent years by CDP, together with the one activated in 2020 to deal with the epidemiological emergency from Covid-19 ″, explains a note from the Cassa. The initiative has enabled the institutions to renegotiate over 30.000 loans for one residual debt total of around 7,3 billion (30% of the renegotiable total) and thus freeing up around 320 million of resources in the period 2023-2024 to be used, among other things, to meet the financial needs determined by the difficult context of rising energy and raw material costs.
The measure involved the entire national territory. More than 200 bodies have joined in the North, more than 400 in the South and Islands and around 150 in the Centre.
