The housing issue for displaced people remains unresolved
According to Novyny.live: The ‘eOselya’ program has proven ineffective for internally displaced persons, as discussed at a meeting of the Finance Committee of the Verkhovna Rada. Committee Chairman Danylo Hetmantsev made it clear that none of the existing programs solves the housing issue for displaced people. Fewer than 1,500 refugees have used the ‘eOselya’ program. The scale of the problem becomes clear when one considers that an estimated 13% of Ukraine’s housing stock has been damaged or destroyed.
A new approach with a state construction offensive
Against this background, a new mortgage initiative is now being planned. It envisages the construction of at least 1 million apartments. The core is financing at an interest rate of just 3% with a term of up to 25 years. Danylo Hetmantsev emphasized the urgency:
“We need to launch a comprehensive, large-scale housing program”
because
“This problem is outsized and requires an equally sized response”
.
The reasons given for the failure of the ‘eOselya’ program were:
- The income of those affected is often not sufficient for a positive bank check (scoring).
- Banks show only limited willingness to finance socially vulnerable groups.
To finance the new project, the capital market is to be reactivated and bank loans, international partner aid and government domestic bonds are to be used. This new approach aims to create affordable housing and improve the living conditions of displaced people in Ukraine. The discussion shows how urgent it is to solve the housing problem for millions of people who had to flee the war.
The debate about the effectiveness of ‘eOselya’ and the new construction initiative underscore the serious housing crisis for internally displaced people in Ukraine. The extent of the destruction in the housing sector requires immediate and comprehensive measures. The planned construction of a million apartments could significantly ease the situation – but what will be crucial is that the new programs are accessible to those most in need.
