The European Bank for Reconstruction and Development (EBRD) is considering opening a credit line of up to €100 million to support the construction of social rental housing in Ukraine, with the backing of the Hansen Ukrainian Mission charitable organization, founded by Dell Loy Hansen.
This was reported by the EBRD.
The credit line will finance the expansion of Hansen’s Ladder to Prosperity platform, which provides affordable housing for internally displaced persons, the elderly, and veterans.
The loan funds will be directed toward projects for affordable rental housing and rent-to-own housing.
The first tranche of the loan, amounting to €7.1 million, will be allocated to two affordable rental housing projects (182 apartments) in the Kyiv region.
Overall, the program plans to build 1,800 apartments in energy-efficient buildings across various locations by 2029. The total project cost is estimated at €167 million.
The loan recipients will be two newly established Ukrainian companies, LLC “Hansen Affordable Housing” and LLC “Hansen Affordable Housing Parkway House,” both owned by Dell Loy Hansen. The Hansen Ukrainian Mission will coordinate and provide operational support for the implementation of the projects.
The EBRD Board of Directors is expected to make a decision on the project’s approval in November.
