The Council of Europe Development Bank will allocate an additional €150 million for housing projects in Ukraine.

Ukrainian representative of the Ministry of Finance Olha Zykova participated in the meeting of the Council of Europe

In Paris, France, a meeting of the Administrative Council of the Council of Europe Development Bank (CEB) took place, where Olha Zykova participated as an official representative of Ukraine. At the meeting, a new project for Ukraine worth €50 million was presented, aimed at providing housing for internally displaced persons (IDPs). The project received support and approval from the Administrative Council of the CEB.

A decision was also made to provide additional funding for the project 'HOME: Compensation for destroyed housing' in the amount of €100 million. These funds will be used to compensate for destroyed housing as a result of military actions and terrorist attacks by the Russian Federation. Within the framework of the project, housing certificates will be issued that allow end beneficiaries, including combat participants, people with disabilities, and large families, to purchase new housing. The project will be implemented throughout Ukraine.

Olha Zykova expressed gratitude to the bank's management for their active support and emphasized the importance of expanding cooperation in the social sphere. She noted that the housing sector remains one of the most affected by the war, and the implementation of projects in this area provides necessary support to citizens whose homes have been destroyed or damaged due to military actions or who have been forced to leave their homes. Ukraine will continue to work on joint projects with the Bank to provide support to thousands of Ukrainians. Cooperation will contribute to achieving common long-term political and economic goals.

Preferential lending for internally displaced persons in the amount of €50 million will allow 1,460 Ukrainian families to obtain their own housing by 2025. Internally displaced families will be able to receive a loan from the State Mortgage Institution at a fixed interest rate of 3% per annum for a term of up to 30 years with a down payment of 6% of the cost of the housing chosen by the borrower.

Additional funding for the HOME project in the amount of €100 million will allow compensating for more than 2,000 housing certificates, and about 5,700 Ukrainians will receive compensation for destroyed housing.