The Administrative Council of the Council of Europe Development Bank (CEDB) has approved two applications from Ukraine totaling 140 million euros, which will provide housing support to more than 3,500 Ukrainian families—war veterans and internally displaced persons who lost their homes in the temporarily occupied territories.
This includes 80 million euros in additional support for the “Housing for IDPs from Temporarily Occupied Territories” program under eRecovery and 60 million euros for a preferential mortgage lending program for veterans.
“A year ago in Rome, we held our first dialogue with Carlo Monticelli, President of the Council of Europe Development Bank, regarding support for housing programs for veterans and people who lost their homes due to the Russian occupation. Today we have an important result—the agreements have been endorsed by a decision of the Bank’s Administrative Council. I thank the CEB for its trust in Ukraine and for our effective cooperation. Over the past three years, nearly 500,000 families have benefited from the government’s housing programs. We continue to attract new resources and expand opportunities for those who have lost their homes due to the war and need support,” said Oleksiy Kuleba, Deputy Prime Minister for the Reconstruction of Ukraine and Minister of Community and Territorial Development of Ukraine.
The largest portion of the funding—80 million euros—will be allocated to support internally displaced persons from the temporarily occupied territories. Thanks to these funds, approximately 2,000 additional housing vouchers for the purchase of private homes will be financed over the course of two years. Ukraine will receive the first tranche of 40 million euros as early as September 2026.
The program is aimed at people who lost their homes due to the war and were forced to leave the temporarily occupied territories. In the first phase, housing support will be provided to combatants and individuals with war-related disabilities.
An additional 60 million euros will be allocated to a separate program to provide housing for war veterans. The funds will be used to finance long-term, preferential mortgage loans.
The program will be implemented by the State Fund for the Promotion of Youth Housing Construction. Thanks to the loan funds and a revolving financing mechanism, veterans will be able to obtain approximately 1,500 preferential loans to purchase their own homes. Of these, more than 1,100 loans will be financed directly from CEB funds, and another 450 or more will be funded through the reuse of repaid funds.
The decision by the Council of Europe Development Bank is a testament to international partners’ confidence in Ukraine’s housing support mechanisms. It is precisely these existing programs—which have already helped thousands of Ukrainian families purchase homes—that make it possible to attract new resources and scale up assistance for those who need it most.
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