More than 240 families who had moved from the occupied territories of Ukraine have already received their own housing thanks to the Housing for Internally Displaced Persons program. On January 12, the State Fund for the Promotion of Youth Housing Construction held the sixth stage of selection of participants in this project. As a result, the next 150 winning families will be able to receive soft loans to purchase their own homes. This was announced by Minister for Communities and Territories Development Oleksii Chernyshov.

"Internally displaced families should receive state support, including through soft loans. One of the sources of such support is the State Fund for the Promotion of Youth Housing Construction. The Fund has already issued loans to more than two hundred Ukrainian families and continues to implement the following stages of the project, it is of paramount importance," said the Minister.

It should be noted that the selection of participants was carried out through a random number generator using software proposed by the Implementation Consultant (IPC GmbH), approved by KfW Bank and in accordance with the requirements of personal data protection legislation.

To participate in the program, a citizen must personally apply for a loan to the regional department of State Fund for the Promotion of Youth Housing Construction or in electronic form through the public services portal Diia.

Earlier, Minister for Communities and Territories Development Oleksii Chernyshov noted that the state creates tools for internally displaced persons to buy housing on favorable terms.

Background

The project is implemented within the framework of the Agreement on Financial Cooperation between the Cabinet of Ministers of Ukraine and the Government of the Federal Republic of Germany. To finance it, the German government, through KfW Bank, provided a grant of EUR 25.5 million.

Under the terms of the program, IDP loans will be provided for up to 20 years at 3 percent per annum, based on the standard area of housing (21 square meters of total area per person and an additional 10.5 square meters per family).

Objects of credit can be an apartment in an apartment building or a one-apartment house, commissioned no more than 35 years ago or renovated no more than 25 years ago.