Ukraine and Council of Europe Development Bank Sign EUR 50 Million Agreement for Housing for Internally Displaced Persons
Ukraine and the Council of Europe Development Bank have signed an agreement for EUR 50 million to finance the purchase of housing for internally displaced persons. This significant initiative aims to provide preference mortgages to those affected by the war, with over 1,100 mortgages expected to be issued. The loan features a fixed rate of 3% and a term of up to 30 years, with applications available through the Diia portal.
Key Takeaways:
- The EUR 50 million agreement between Ukraine and the Council of Europe Development Bank will provide over 1,100 preferential mortgages for internally displaced persons.
- The loan features a fixed rate of 3% and a term of up to 30 years, with applications available through the Diia portal.
- This is the second joint program with the Council of Europe Development Bank, following a EUR 100 million agreement signed in 2024 that provided compensation for destroyed housing to over 7,600 Ukrainians.
- The Council of Europe Development Bank has already approved more than EUR 500 million in loans to support social reconstruction in Ukraine.
- Ukrainian Minister of Community and Territorial Development Oleksii Kuleba celebrated the new agreement, emphasizing its importance in restoring and providing housing to those affected by the war.
Statistics:
- EUR 50 million loan agreement between Ukraine and the Council of Europe Development Bank.
- Expected to provide over 1,100 preferential mortgages for internally displaced persons.
- Fixed rate of 3% on the loan.
- Maximum term of up to 30 years.
- Over EUR 500 million in loans approved by the Council of Europe Development Bank to support social reconstruction in Ukraine.
- EUR 100 million agreement signed in 2024 provided compensation for destroyed housing to over 7,600 Ukrainians.
Sources:
- Oriental News Agency, Telegram channel.
- Ukrainian News Agency.
- International Monetary Fund (IMF).