The EIB plans to provide Ukraine with €200M to build social rental housing.

The European Investment Bank (EIB) is considering a project that would lend €200M to Ukraine for the construction of social rental housing and to support its financial model. The aim is to supply financial resources to cities affected by war or that are hosting many internally displaced persons (IDPs) to develop affordable, energy-efficient, and financially sustainable housing owned by the state. As part of the project, the funds to be lent will be offered as sub-loans or grants, along with investment grants from central authorities to selected communities. Additionally, advice will be provided on establishing a legal and institutional framework to create a social housing fund aligned with EIB and EU standards. The total project cost is estimated at €400M, with €200M expected from EIB financing. It is anticipated that the loan will be backed by an EU guarantee. Previous reports indicate that the EIB is already evaluating a pilot social housing project. The signing of the first agreement could occur this year.