Council of Europe Development Bank Grants Ukraine €170M for War-Damaged Housing
Ukraine has obtained €170 million in funding from the Council of Europe Development Bank (CEB) to strengthen housing and recovery programs for families affected by Russia’s war.
The Gaze reports this, referring to a statement made by Ukraine's Prime Minister Yuliia Svyrydenko.
The agreement was signed in Rome during the Ukraine Recovery Conference (URC-2025) and marks the third major CEB loan to Ukraine in support of its housing sector since 2024.
Svyrydenko said that €70 million will be allocated to the “HOME” project, which compensates families for destroyed housing. The funds will provide an additional 1,500 eVidnovlennia housing certificates, giving about 4,000 families the opportunity to purchase new homes to replace those destroyed by the war.
Priority will be given to military service members and veterans, people with disabilities, and large families. According to the Prime Minister, more than 7,600 Ukrainians have already received new housing through the program, while over 24,300 families have benefited from housing certificates overall.
The remaining €100 million will support internally displaced persons by providing funding for housing, living expenses, children’s education, and integration into host communities.
Svyrydenko stressed that the housing sector remains one of the most damaged areas of Ukraine’s civilian infrastructure. “Through joint efforts, we are creating conditions so that Ukrainian families can rebuild their lives in Ukraine,” she said, thanking European partners for their support.
This is not the first CEB loan to Ukraine. In spring 2025, the government signed a €50 million agreement with the bank to provide housing for IDPs. Earlier, in 2024, CEB approved a €100 million loan to fund compensation for destroyed housing through housing certificates.
Combined, these programs are central to Ukraine’s broader recovery strategy, which aims to ensure that displaced families and those who lost their homes to Russian attacks can either rebuild or relocate permanently.
Read more on The Gaze: Ukraine at Rome 2025: Rebuilding as a Strategy for Peace and Security