Slovenia’s Housing Fund: 2,221 Units, €492M Pipeline, One Ljubljana Lawsuit

Slovenia’s Housing Fund Is Building and Preparing 2,221 Units Across 22 Projects

Slovenia's national Housing Fund (Stanovanjski sklad RS) is currently running or preparing 22 projects that are expected to deliver 2,221 housing units, with a combined estimated investment value of just under €492 million, chief executive Črtomir Remec told journalists.

Four projects are already under construction—Partizan Jesenice, Lukovica, and the Lendava 1 and 2 phases—accounting for 208 units and almost €40 million including tax. Another six schemes are in the public procurement stage: Novi trg Celje, Mirna, Ob Savi Kranj 1 and 2, Novo Pobrežje Maribor 1 and Kobiljski klasi. Those six are expected to produce 642 units for just over €141 million including VAT.

The fund also has 14 projects in preparation worth almost €245 million and planned to deliver 1,044 units, plus four longer-term projects that would add 327 units for just under €66 million. Remec said the values include investment reserves and that he expects market bidding to reduce the final cost. The fund has been recapitalised four times since 2023—€25.5 million in 2023, €25.5 million in 2024, €100 million last year and €75 million this year—with the latest capital allocated as €100 million for construction tenders, €50 million for municipal co-investment, and €25 million for buying finished apartments or land.

In Ljubljana's Podutik district, the fund has obtained a building permit for the Glince neighbourhood, but environmental organisation Alpe Adria Green has filed a lawsuit at the administrative court. Remec said the same procedure was followed as in Kranj and Maribor, saw no reason for the project to be disputed, and has shifted the immediate intensity of work to Kranj and Maribor.

Where the €492 Million Housing Push Is Headed—and What the Glince Lawsuit Means

What 2,221 Units Adds to Slovenia's Housing Stock

This is a substantial public housing pipeline, but the delivery is staggered. Only 208 units are under construction today. Most of the portfolio—642 units in procurement, 1,044 in preparation and 327 longer-term—will come to market over several years. The near-term supply is also geographically uneven, with the fund now concentrating on Kranj and Maribor while a Ljubljana project is disputed.

Why the Glince Lawsuit Is Being Treated as a Delay, Not a Redesign

Alpe Adria Green has challenged the Glince project at the administrative court after the building permit was issued. Remec insists the process matched Kranj and Maribor and that the fund has simply redirected its intensity to those two cities. That strategy protects momentum elsewhere, but the real risk is procedural time: an extended administrative review would hold back one of the bigger preparation-phase projects in the capital without changing the fund's overall legal position.

How the Recent Capital Injection Is Being Deployed

The latest capital is split across three channels: €100 million for construction tenders, €50 million for co-investment with municipalities, city funds and non-profit housing organisations, and €25 million for buying finished apartments or land. The construction and co-investment channels expand future supply; the purchase channel can add stock faster because it buys units that already exist, but it does not increase total housing stock in the same way as new construction.

The Rejected Criminal Complaint Removes a Leadership Distraction

Remec also disclosed that the March 2024 criminal complaint against him—alleging abuse of office and improper charging of cost-based instead of non-profit rent—has been rejected. He described the market-rent practice as legal and commonly used by municipalities and city housing funds. Operationally this is a limited point, but it removes one source of personal and institutional uncertainty while the fund manages a half-billion-euro programme.

What the Fund’s Tenders and Pivot to Kranj and Maribor Mean for Stakeholders

The immediate, concrete opportunities sit with local governments and the construction sector rather than individual renters.

• Municipalities and non-profit housing organisations: the €50 million co-investment call is the most direct funding window; the fund has explicitly allocated this amount for municipalities, city housing funds and non-profit housing organisations.
• Construction and engineering firms: six named projects—Novi trg Celje, Mirna, Ob Savi Kranj 1 and 2, Novo Pobrežje Maribor 1 and Kobiljski klasi—are now in public procurement, representing over €141 million in contract value. Remec expects market bids below current estimates, so competitive pricing will matter.
• Apartment sellers and landowners: the fund has €25 million for buying completed units or land, a specific demand signal for existing stock in relevant locations.
• Renters and households: only 208 units are actually under construction. Most of the 2,221-unit pipeline is still in procurement or preparation, so treat this as future supply—especially in Kranj and Maribor, where the fund says it is shifting near-term intensity—rather than immediately available housing.