500 additional IDP families receive preferential loans

Published by
Peter Kavinsky

The State Fund for Youth Housing Construction Assistance has made another selection of 500 families of internally displaced Ukrainians who can receive a preferential mortgage loan.

According to Ukrinform, this is reported by press service of the State Youth Housing.

It is noted that the 11th stage of the selection of recipients of a preferential mortgage loan under the “Housing for IDPs” program took place on September 20.

“Based on the results, another 500 families will be able to obtain a loan to buy housing on favorable, unique conditions for Ukraine at the moment – at 3% per year,” the institution said.

A total of 378 mortgages for a total amount of UAH 463.9 million have been granted during the duration of the project (since July 2021). The program was temporarily suspended with the onset of a large-scale invasion and resumed in August.

Also read: Draft Budget-23 included programs to support displaced persons, they will work – Shmyhal


As reported, on December 2, 2020, the Verkhovna Rada ratified an agreement between the governments of Ukraine and Germany to attract 25.5 million euros from the German state development bank KfW to provide soft loans to displaced persons to buy housing.

Loans for internally displaced persons are provided for up to 20 years at 3% per annum based on the standard living area (21 m² total area per person and an additional 10.5 m² per family).

Peter Kavinsky

Peter Kavinsky is the Executive Editor at cablefreetv.org

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