Caisse de Garantie du Logement Locatif Social (CGLLS)

What Caisse de Garantie du Logement Locatif Social (CGLLS) does

Caisse de Garantie du Logement Locatif Social (CGLLS) is a French public administrative establishment (établissement public à caractère administratif) created by the SRU law of December 2000, replacing the former CGLS. It operates as the sole second-tier guarantor for loans granted by the Caisse des Dépôts et Consignations (CDC) to French social housing organisms when local collectivities decline to provide their own guarantee. Established under the Code de la construction et de l'habitation and supervised by multiple ministries (Housing, Economy, Ecological Transition) along with ACPR and MIILOS, CGLLS serves the full universe of French social housing operators — including HLM organisms (OPH, ESH, Coop'Hlm), SEM immobilières, and MOI insertion-housing organizations — collectively representing over 820 entities managing approximately 4 million dwellings.

CGLLS's core service portfolio comprises: (i) loan guarantees on CDC financing; (ii) financial aid protocols for organisms in difficulty; (iii) the Commission de Péréquation et de Réorganisation (CPR), which funds organizational regroupings and urban renovation; (iv) the Fonds de Soutien à l'Innovation (FSI), which subsidizes innovation, research, and sector modernization; and (v) subsidies redirected to sector federations and partners. The organization's mandate is funded through mandatory cotisations assessed on rental income and the solidarity supplement (SLS) at rates between 2% and 5%, generating €292.9M in principal cotisations and €11.3M in ANCOLS pass-through collections in 2024, against a guarantee portfolio exceeding €4 billion.

CGLLS operates three digital platforms: Harmonia (co-managed with DHUP for collecting HLM regulatory statements), the Iterop portal (migrated to Dassault Systèmes' 3DEXPERIENCE in July 2025 for guarantee requests, FSI applications, CPR dossiers, and aid protocols), and the Télédéclaration platform (teledeclaration.cglls.fr) used by nearly 100% of organisms for online cotisation filing. It maintains an Observatoire des regroupements HLM built from integrated multi-source data providing unique sector-restructuring intelligence. With under 30 employees, CGLLS combines a lean operational structure with extensive institutional reach, engaging stakeholders through triennial conventions with each HLM federation, presence at sector congresses (Congrès HLM, FedEpl), and webinars reaching approximately 210 organisms per session.

Name

Caisse de Garantie du Logement Locatif Social (CGLLS)

Legal name

Caisse de Garantie du Logement Locatif Social

Website

https://cglls.fr

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

CGLLS is the French public establishment mandated to guarantee CDC social housing loans when local authorities decline, collect mandatory cotisations from 820+ HLM organisms, and administer aid, innovation (FSI), and reorganization (CPR) funds for the sector.

Ownership category

akta.pro rank

Product category

Social Housing Financial Guarantee Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Mortgage and Nonmortgage Loan Brokers (52231)

SIC

Federal & Federally-Sponsored Credit Agencies (6111)

akta.pro primary industry

Risk, Controls & Governance (GRC) Platforms (FSAFAOAG)

Keywords

• Social housing guarantees
• Loan guarantees
• Financial aid management
• Housing finance fund
• Public guarantee institution

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations

Revenue model

1. Cotisation principale: The main mandatory contribution paid by HLM organizations, EPL (public enterprises), and MOI (insertion housing) organizations. Assessed on rental income and the supplementary solidarity rent (SLS). Rates between 2% and 5% of rents, with reductions per housing benefit recipient, per QPV (priority urban policy) dwelling, and per newly commissioned dwelling. In 2024, gross amount was €292.9M.
2. Cotisation ANCOLS: Contribution collected on behalf of the Agence nationale de contrôle du logement social (ANCOLS) using the same assessment base as the principal contribution. In 2024, gross amount was €11.3M. CGLLS acts as a collection agent.
3. Cotisation additionnelle: Additional contribution used to fund urban renovation projects and facilitate organizational restructuring of housing providers. For 2025: a flat rate of €3.50 per dwelling plus 2.915% of net self-financing after a 7.5% deduction.
4. Subventions to sector actors: CGLLS provides grants (subventions) to key sector organizations including USH, bailleur federations, ANRU, ADIL, FNAP, FNAVDL, GIP-SNE, and national tenant associations, which represents a redirection of funds rather than commercial revenue.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

CGLLS is a French public administrative establishment created by the SRU law of December 2000 that delivers financial guarantees, financial aids, restructuring funding under CPRs, FSI innovation subsidies, and cotisation collection services to social housing organizations operating in France. Headquartered in Paris with approximately 27 staff, the entity functions as a dedicated financial security and support mechanism for the French social rental housing sector.

Product overview

CGLLS is a French public institution providing a comprehensive suite of financial guarantee and support services for social housing organisms. The portfolio includes Guarantees for CDC loans, Financial Aids for organisms in difficulty, CPR for reorganization/mergers, FSI for innovation projects, Subsidies for sector actors, and Cotisations management. Operations are supported by two digital platforms: the Iterop/3DEXPERIENCE portal for online procedures (guarantees, aids, CPR, FSI requests) and the dedicated Télédéclaration platform for contribution declarations. The Harmonia platform is used for collecting HLM regulatory data.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 2021 guarantees of €350M delivered (rebound from €200M in 2020). CPR committed €77M over 2 years across 122 projects. Near 100% electronic declaration and collection rates.
• +2 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Eleven partnerships are on record, tiered core and supporting.

• Fédération des élus des Entreprises publiques locales (FedEpl)coreStrategic or Co-development Partner · 1 September 2024Partnership spanning over 20 years. CGLLS supports FedEpl's self-control mechanism for preventing financial difficulties of real estate SEMs and funds dedicated resources. CGLLS also provides guarantees, CPR subsidies, and FSI grants to SEM members. In 2024, objectives for a new triennial convention were signed at the Congrès HLM 2024.
• Fédération des Offices Publics de l'Habitat (FOPH)coreStrategic or Co-development Partner · 1 September 2022Partnership of nearly 20 years. CGLLS relies on FOPH for self-control mechanisms to prevent financial difficulties of OPH members and funds the related resources. CPR has supported multiple coordination societies formed under the ELAN law with OPH participation. FOPH organizes annual SAC (Société d'Assurance) days where CGLLS presents updates.
• Fédération des Entreprises Sociales pour l'Habitat (ESH)coreStrategic or Co-development Partner · 1 May 2022Ongoing partnership with the ESH federation. CGLLS participates in ESH finance days and professional events, presenting guarantee dispositifs, CPR updates, and FSI opportunities to ESH member companies.
• Les Coop' Hlm (Fédération nationale des sociétés coopératives d'HLM)coreStrategic or Co-development Partner · 1 May 2022Partnership with the cooperative HLM federation. CGLLS participates in annual financial director days and FSI working groups, providing updates on the FSI dispositif and subsidy opportunities for cooperative housing organizations.
• FAPIL (Fédération des associations agréées pour l'insertion et le logement autonome)coreStrategic or Co-development Partner · 1 May 2022Partnership renewed in May 2022 with FAPIL, representing MOI organizations. CGLLS relies on FAPIL for self-control mechanisms and funds related resources. In 2021, CGLLS awarded €100K in FSI subsidies to FAPIL members. CGLLS also expanded its guarantee scope to include the PHP (Prêt Habitat Privé) for MOI organizations in 2022.
• ANRU (Agence nationale pour la rénovation urbaine)coreStrategic or Co-development Partner · 1 January 2022Partnership renewed on 13 February 2023 with a convention covering 2022-2026, signed by Marianne Laurent (CGLLS DG) and Anne-Claire Mialot (ANRU DG). CGLLS and ANRU reaffirm their collaboration to support social housing organizations in NPNRU projects and financial difficulty prevention amid inflation and high interest rates. CGLLS also funds part of urban renovation engineering costs through CPR (approximately €25M out of €75M deployed by CPR).
• Union Sociale pour l'Habitat (USH)coreStrategic or Co-development Partner · 1 January 2021Triennial convention between CGLLS, the State, and USH. CGLLS contributes €10M over three years to USH's budget. USH and CGLLS co-built an observatory of HLM restructuring. New objectives were signed at the Congrès HLM 2024 with Housing Minister Valérie Létard, USH President Emmanuelle Cosse, and CGLLS President Maryse Prat.
• Commission de Péréquation et de Réorganisation (CPR)coreStrategic or Co-development Partner · 1 January 2019Created by the ELAN law, the CPR provides financial grants to support reorganization, mergers, and regrouping of social housing organizations, as well as urban renewal operations. From 2019-2022, it allocated over €113M in aid to social housing providers, with approximately two-thirds for preliminary studies and regroupings under the ELAN law. A new CPR regulation was approved on 25 May 2023 and entered into force on 26 July 2023.
• Fonds de Soutien à l'Innovation (FSI)coreStrategic or Co-development Partner · 1 January 2014The FSI (Innovation Support Fund) is managed by CGLLS following the ALUR law (2014). The Comité des aides (Aids Committee) decides on FSI funding requests by delegation of the Board of Directors. As of 2023, over €41M had been granted in subsidies across 918 actions. The fund was revamped in late 2024 with new operating modalities effective July 2025, developed through a working group with USH, federations, and supervisory ministries.
• ANAH (Agence nationale de l'habitat)supportingOthersANAH and CGLLS collaborate on housing matters. Since September 2022, CGLLS can guarantee the Prêt Habitat Privé (PHP) financed by the Banque des Territoires, which supports construction and acquisition of housing conventioned with ANAH at social or very social rents — a long-standing request from MOI organizations and their federations.
• ANIL / ADIL (Agence nationale d'information sur le logement)supportingOthersCGLLS contributes to financing the activities of the ADIL network, which actively facilitates access to housing including in the social sector. CGLLS participated in the first national ADIL meeting since the network's creation in 1975, held in Dunkerque in September 2022.

Scale indicators14 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• ANAH (Agence nationale de l'habitat): France's national housing agency administering subsidies and conventions for private and social housing, including the Anah convention framework under which CGLLS now guarantees the Prêt Habitat Privé since September 2022. A direct operational partner with overlapping client base.
• Bpifrance: France's public investment bank providing guarantees, financing, and innovation support across the economy. Comparable as a state-backed financial institution offering guarantee and innovation products, though serving a broader and different client base than CGLLS's HLM specialization.
• Action Logement: France's PE employer-driven social housing financing and management entity, significantly larger than CGLLS. Provides subsidized loans, guarantees, and direct housing operations, partially substituting for CGLLS cotisations to FNAP. Operates the broader social housing ecosystem in which CGLLS is embedded.

Direct peers

• FNAP (Fonds national des aides à la pierre): France's national funding mechanism for housing production and renovation subsidies; CGLLS contributes to its financing. Comparable in mandate as a redistributive funding instrument for the social housing sector, with similar dependency on State policy.
• ANCOLS (Agence nationale de contrôle du logement social): France's national social housing control agency; a sister public institution to CGLLS whose contributions are collected by CGLLS on its behalf (€11.3M in 2024). Operates the regulatory control counterpart to CGLLS's guarantee/aid role within the same HLM sector.

Others

• Banque des Territoires (Caisse des Dépôts): CGLLS's core financial partner — the €4B+ guarantee portfolio is on CDC loans. Functions as the upstream lender whose social housing loans CGLLS guarantees. Not a competitor but the indispensable counterparty that defines CGLLS's guarantee activity.
• European Investment Bank (EIB): EU's public long-term lending institution providing credit enhancement and guarantee instruments for social and affordable housing across member states. Conceptually analogous as a public, mandate-driven credit institution with a social/regional development orientation.
• ADIL (Agence départementale d'information sur le logement): National network for housing information whose activities CGLLS co-finances via subvention. Operates in the same social housing information ecosystem as CGLLS's Harmonia platform and observatory, with overlapping data collection functions.
• USH (Union sociale pour l'habitat): Umbrella federation representing 820+ HLM organisms managing 4M dwellings; CGLLS's primary sector counterpart and recipient of €10M triennial subvention. Not a peer institution but the central ecosystem intermediary whose membership defines CGLLS's addressable base.

Regional players

• ANRU (Agence nationale pour la rénovation urbaine): France's national urban renovation agency; partner via 2023–2026 convention covering NPNRU projects and financial difficulty prevention. Same mandate territory (urban social housing) with complementary rather than overlapping capabilities; CGLLS funds part of engineering costs via CPR.

Market position

Strengths2 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/caisse-de-garantie-du-logement-locatif-social

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Caisse de Garantie du Logement Locatif Social (CGLLS)