The Council of Europe Development Bank (CEDB) has granted Ukraine additional loans: 100 million euros for the HOME program to compensate citizens for housing destroyed by the war, as well as 20 million euros to support microenterprises and small farms in Ukraine.
As reported by the Ministry of Finance on Wednesday, the relevant decision was adopted by the EBRD’s Administrative Council on March 16–17, in a joint meeting with the Governing Board attended by Deputy Minister Olga Zykova.
The HOME program is implemented through a state-run housing certificate mechanism, which allows citizens whose homes were destroyed as a result of Russian aggression to receive compensation for the purchase of new housing. Using the previously provided and fully utilized €200 million, 3,774 housing units were purchased for over 13,000 Ukrainians, who received new housing.
“As of early 2026, over 98,000 applications for compensation for destroyed housing have been submitted, indicating a massive need to restore the housing stock. Additional funding will allow us to support another 3,000 families and extend the program’s implementation until June 30, 2028,” the Ministry of Finance noted.
As for the €20 million, this program will be implemented through the National Development Agency (formerly the Entrepreneurship Development Fund), which will provide financing through partner banks and credit unions. The program’s total funding also includes a €4.6 million EU investment grant under the Ukraine Investment Framework, €0.23 million in technical assistance, and a €3 million EBRD grant to cover currency risks.
The program is aimed at supporting entrepreneurs affected by the war, internally displaced persons, veterans, women entrepreneurs, youth, people with disabilities, and small farms, the Ministry of Finance clarified.
It is expected that at least 50% of the €20 million in funding will be directed toward vulnerable groups, and 30% of the investments will go toward energy-efficient and sustainable projects.
