The Council of Europe Development Bank will provide Ukraine with an additional EUR100 million loan for the HOME project, which will help the government solve the housing problems of the most vulnerable groups who have lost their homes due to the war, and another EUR50 million loan to finance soft housing loans through the State Fund for Youth Housing (Derzhmolodzhytlo).
According to the bank’s website, this decision was made by its Administrative Board on May 31.
It is noted that the initial loan of the HOME project, which was approved in 2024 and also amounted to EUR 100 million, allowed the restoration of the housing rights of 3 thousand families whose homes were destroyed.
As for the loan to the State Agency for Youth and Housing, this initiative aims to overcome critical socio-economic vulnerability by prioritizing internally displaced persons (IDPs) who do not have alternative housing solutions, the CEB said. According to him, the loan will allow approximately 1.1 thousand families to purchase housing.
In a telegram on Saturday, Oleksiy Kuleba, Deputy Prime Minister for Reconstruction of Ukraine and Minister of Community and Territorial Development, added that the project “HOME: Compensation for Destroyed Housing” is part of the ‘eRecovery’ program. According to him, more than 250 thousand real estate objects are currently registered in the State Register of Damaged and Destroyed Property.
“Thanks to additional funding from HOME, more than 3,000 families who have already received housing certificates for destroyed housing will be able to get new homes. This component of eRestoration allows certificate holders to purchase new homes to replace those destroyed by Russian aggression. Participants in hostilities, defenders, people with disabilities and large families have a priority right to compensation under the program,” Kuleba emphasized.
According to him, thanks to the project of preferential lending for IDPs, 1.46 thousand Ukrainian families will be provided with their own housing on the most affordable terms by 2025.
