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The Government has approved the mechanism of preferential lending to internally displaced persons

Published 28 April 2021, at 11:15

Today, on April 28th, 2021, the Cabinet of Ministers of Ukraine at its session has approved the appropriate procedure for granting preferential loans to internally displaced persons at the expense of the grant of EUR 25.5 million, provided by the Credit Institute for Reconstruction (KfW).

The realization of the procedure will establish the opportunity for internally displaced persons to obtain preferential loans for housing in the amount of approximately EUR 40,000 for up to 20 years under preferential terms - 3% per annum at a rate of 63 sq.m. of total area per family, based on the normative housing area, which is 21 sq.m. of total area per person and additional 10.5 sq.m. per family.

Within the framework of the project, it is planned to provide housing for up to 680 families or 1,768 internally displaced persons in 2021 - 2022.

"In order to obtain a preferential loan at 3% per annum, a separate queue will be formed on the basis of existing registers maintained by the State Fund for Support of Youth Housing Construction and its regional offices. It is important that citizens who are in the queue will not be excluded from any of the registers by the State Fund and its regional offices until they actually receive a loan for the purchase of housing or improvement of living conditions on other grounds. That is, in the case of getting into a queue under the agreement with KfW, a person simultaneously keeps his place in the queue established by the State Fund and its regional offices until the moment of receipt of housing," said Inna Drahanchuk, Deputy Minister for Reintegration of the Temporary Occupied Territories.

To ensure fair participation, the selection of winners from among candidates who will be in the newly created queue is random, which is carried out using a random number generator with the use of software that meets the requirements of the legislation on protection of personal data.

Winners independently select facilities that can be purchased with credit funds. According to the Procedure an apartment in an apartment building or a single-family house are considered credit-worthy, provided that such apartment or a single-family house is commissioned not more than 35 years ago or reconstructed not more than 25 years ago.