The European Investment Bank (EIB) is considering providing Ukraine with a loan of €200 million for the implementation of a large-scale project to build social rental housing. The aim of the initiative is to support a financial model for affordable and energy-efficient housing that will be state-owned and meet the needs of cities affected by the war or hosting a significant number of internally displaced persons.
This is reported by Business • Media
Community Support and Infrastructure Development
As part of the project, it is anticipated that the loan funds will be allocated to selected communities in the form of sub-loans or grants, accompanied by investment grants from central government authorities. Additionally, there are plans to provide expert consultations on the formation of the legal and institutional framework for creating a social housing fund that meets the standards of the EIB and the European Union.
Funding and Implementation Prospects
The total budget for the project is estimated at €400 million, of which half – €200 million – may be provided by the EIB itself. It is expected that this loan will receive guarantees from the European Union, which will further enhance the reliability of the funding. It is known that the bank is already assessing the pilot social housing project, and the signing of the first agreement is likely to occur later this year.
The European Investment Bank (EIB) is considering a project to provide Ukraine with a loan of €200 million for the construction of social rental housing and to support its financial model. It is planned to provide financial resources to cities affected by the war or hosting a large number of internally displaced persons (IDPs) for the construction of affordable, energy-efficient, and financially sustainable housing in state ownership.