At a recent meeting of the Accounting Chamber of Ukraine, the report on the audit of the project on preferential mortgage lending to IDPs was approved.
The project is being implemented by the Ministry of Reintegration and the State Agency for Youth and Housing with the financial support of the German Government through the KfW.
The meeting of the Accounting Chamber was attended by the State Secretary of the Ministry of Reintegration Kyrylo Dombrovsky, who reported on the implementation of the recommendations previously provided by the Accounting Chamber of Ukraine to improve the project.
In particular, he informed that the Government supported the amendments to the Procedures developed by the Ministry of Reintegration, approved by the Government Resolution No. 451 of April 28, 2021. They relate to the use of funds from the state budget for the program “Provision of preferential mortgage loans to internally displaced persons” and preferential mortgage lending to IDPs at the expense of KfW grants.
The Accounting Chamber positively assessed the relevant program and stated that the IDP mortgage lending project is unique for Ukraine due to the preferential loan rate. The average monthly loan payment is UAH 7 thousand, which is cheaper than the average monthly rent.