Council of Europe Bank to Provide €50m in Loans for Ukrainian IDP Housing
The Government of Ukraine and the Council of Europe Development Bank have signed a €50 million loan agreement to provide housing for internally displaced persons (IDPs), the Council of Europe has said.
The Gaze reports on this with reference to European Pravda.
The agreement was signed by Oleksiy Kuleba, Deputy Prime Minister for Reconstruction and Minister of Community and Territorial Development of Ukraine, and Carlo Monticelli, Chairman of the Board of Directors of the Council of Europe Development Bank.
The new project will provide more than 1,100 concessional mortgages for IDP families. The mortgage terms include a fixed interest rate of 3%, a maturity of up to 30 years, and an application through the Diia portal. The programme has already demonstrated its attractiveness: more than 35,000 families are currently on the list of candidates for a loan.
"This is an important milestone in our partnership with the Council of Europe Development Bank. With these funds, we will be able to provide housing for even more families who have lost their homes. Ukraine is committed to using every euro transparently, responsibly and with clear results for people," said Oleksiy Kuleba.
"This new agreement is another important milestone in the successful cooperation between the bank and the Ukrainian authorities. Together, we are committed to ensuring access to housing for people displaced by the war, helping them to gain access to safe, stable housing as part of Ukraine's broader recovery efforts," Monticelli said.
Future cooperation between the Council of Europe Development Bank and Ukraine will include special housing lending programmes for different groups of citizens affected by the war, including war veterans. All initiatives are based on a model of strong partnership between international institutions, the government and communities - with one common goal: a decent life for every citizen of Ukraine.
This is the bank's second loan to support the housing sector in Ukraine. The first, totalling €100 million, was signed in 2024 and provided compensation for destroyed housing through housing certificates. To date, more than 7,600 Ukrainians have already received housing under this scheme.