The European Development Bank has allocated an additional 150 million euros for two housing projects in Ukraine

The Board of Directors of the Council of Europe Development Bank (CEDB) at today's meeting approved applications for funding in 2025 for a new project to provide housing for internally displaced persons and the continuation of the project "HOME: Compensation for destroyed housing", which exists within the framework of the eRecovery program.

This was reported by the Ministry of Community and Territorial Development of Ukraine, Inshe TV reports.

In particular, an additional EUR 100 million will be allocated for the HOME project, according to the bank's new decision. This funding will provide housing for more than 3000 families who have already received housing certificates for their destroyed homes.

The HOME project allows holders of housing certificates received under the state program of compensation for damaged and destroyed housing, i.e. Reconstruction, to purchase new homes to replace those destroyed due to Russian aggression. Priority rights to compensation under the program are given to combatants, returning Defenders and Defenders in need of reconstruction, persons with disabilities, and large families. HOME is being implemented in accordance with the previously concluded Framework Loan Agreement between Ukraine and the European Bank for Reconstruction and Development.

50 million euros have been allocated to finance the project of preferential lending for IDPs. Thanks to this, 2025 Ukrainian families will be provided with their own housing on the most affordable terms by 1.

The implementation of the new program is based on the mechanism of the current project "Housing for Internally Displaced Persons", which is implemented with the financial support of the German government (Federal Ministry for Economic Cooperation and Development (BMZ) through the KfW bank. More than 1 families of internally displaced persons have already purchased their own homes on the most favorable terms in Ukraine: families receive loans from the State Youth Housing Agency at a fixed rate of 3 percent per annum for a term of up to 30 years with a minimum down payment of 6 percent of the cost of housing, which the borrower chooses. Such conditions provide an opportunity to integrate into a new life more quickly.

The Board of Directors of the BRRD consists of a representative from each of the 43 member countries of the Bank.