The EIB is preparing a pilot project to finance social housing construction in Ukraine and will provide €400M.

According to EIB representative Grzegorz Gajda, the initiative will be accompanied by an EU grant contribution.

“As part of the project, social housing will be developed in several cities in Ukraine that will be selected jointly with the Ministry of Reconstruction. This housing will be rented at preferential rates and in safe conditions. This housing must have high energy efficiency, be of high quality, be located near social infrastructure, and have good, safe long-term living conditions for people who need it. In particular, internally displaced persons and local citizens,” said the EIB representative.

Mr. Gajda also noted that the €400M funding is just the beginning because this program should be increased at least tenfold to have a significant impact on life in Ukraine.

The Deputy Minister of Social Policy noted that the government, together with international partners, is working on legislation that will allow the creation of effective tools to support people through social housing funds.