This social bond is issued to refinance the development of affordable housing units and low-barrier housing. These projects fulfill housing needs for certain vulnerable population groups such as low-income households, disabled people, seniors, students, and refugees. The affordable housing projects are rented under subsidised housing regulations or at a discount compared to average rent. This gives lower-incoming households access to decent housing, which is becoming a more urgent issue as in many European cities rents and housing prices are rising. The low-barrier Housing projects finance investments to make housing accessible for elderly and disabled people.