The Administrative Council of the Council of Europe Development Bank (CEDB) has approved two applications from Ukraine totaling 140 million euros to support housing programs; these funds will be used to provide housing for internally displaced persons from temporarily occupied territories and war veterans, according to the bank’s website.
A loan of 80 million euros will be allocated to support the “Housing for IDPs” component of the “eRecovery” program. In the first phase, this support will be directed toward IDPs who have left the temporarily occupied territories and have combatant status, as well as individuals with war-related disabilities. The funds will be disbursed in two tranches: Ukraine expects to receive the first 40 million euros as early as September 2026, with another 40 million euros to follow in 2027. Securing these funds will provide additional financing for approximately 2,000 housing vouchers to help people purchase their own homes.
“We have an existing mechanism to support people who have lost their homes in the temporarily occupied territories. The first phase of the program demonstrated high demand and tangible results—thousands of families have already purchased new homes using housing vouchers. Therefore, it is extremely important that Ukraine has received support for the program’s continued funding. “I am grateful to the Council of Europe Development Bank and personally to its President, Carlo Monticelli, for their support,” said Oleksiy Kuleba, Deputy Prime Minister for Ukraine’s Recovery and Minister of Community and Territorial Development of Ukraine.
An additional 60 million euros in loans from the Council of Europe Development Bank will be allocated to a program providing housing for war veterans. The funds will be used to finance long-term, preferential mortgage loans. The program will be implemented in cooperation with government agencies and administered by the State Fund for the Promotion of Youth Housing Construction.
It is expected that this will enable the issuance of approximately 1,500 loans, of which more than 1,100 will be financed directly from the loan proceeds, and another 450 or more through a revolving financing mechanism.
The decisions adopted were also the result of agreements reached during the Conference on the Reconstruction of Ukraine held in Rome in 2025. At that time, Oleksiy Kuleba, Deputy Prime Minister for Ukraine’s Recovery and Minister of Community and Territorial Development of Ukraine, approached Carlo Monticelli, President of the Council of Europe Development Bank, with a proposal to support the first phase of the housing program for internally displaced persons (IDPs) from the temporarily occupied territories, as well as to consider launching a separate housing support program for veterans.
