This Commission Staff Working Document presents a model financial instrument designed to help Member States address the housing crisis. It provides managing authorities and implementing bodies with various options for combining EU Cohesion Policy Funds and grants with co-financing from the EIB Group, other IFIs and National Promotional Banks and Institutions. The outlined financing schemes are based on the Common Provisions Regulation and may be tailored to each Member State’s needs and context to support new affordable housing investments in the 2021-2027 period.