An S.r.l. is a commercial company whose members’ liability is generally limited to their contributions, subject to statutory exceptions and personal guarantees. Civil Code arts. 2462 onward govern it. Its articles can define housing development, ownership or management objects, but purpose does not create a funding entitlement. An S.r.l. can potentially be qualified as an impresa sociale if it independently satisfies Legislative Decree 112/2017; the status is not automatic and entails public-benefit-purpose, governance, reporting and profit-distribution constraints. Project vehicle, property owner, lender and resident/member are separate roles. Check beneficial ownership, guarantees, VAT/tax treatment, planning and call-specific eligibility.