AGREEMENT WITH GERMAN GOVERNMENT RATIFIED BY PARLIAMENT TO ATTRACT EUR 25.5 MILLION ON HOUSING FOR IDPS

03.12.2020 | 12:15

Today, on December 02, the Verkhovna Rada ratified the Agreement between the Government of Ukraine and the Government of Germany on attraction of 25.5 million EUR from KfW (Germ. Kreditanstalt für Wiederaufbau — Credit Institution for Rebuilding) for issuing privileged housing loans to internally displaced persons (IDPs).

This Agreement will enable IDPs to obtain privileged loans for commissioned housing in the UAH equivalent of approximately 40 thousand EUR for 20 years under beneficial terms – 3% per annum in UAH based on the calculation of 63 sq. m of gross area per family.

“While the usual market interest rate on the existing loans can reach 25% per annum in UAH, eligible households can obtain loans within the state loan program at 3% per annum. In frames of implementation of the Agreement, it is planned to provide housing to 680 families or 1,768 IDPs during the nearest 2 years,” stressed Deputy Minister for Reintegration of Temporarily Occupied Territories Inna Holovanchuk.

For obtaining a privileged 3% loan, upon KfW’s request, a separate queue will be formed based on the existing registers maintained by the State Fund for Support of Youth Housing Construction and its regional offices in accordance with the requirements of Resolution of the Cabinet of Ministers dated November 27, 2019 No. 980.

In this case, it is important that the citizens, who are in the queue, will not be excluded from any register formed as per the requirements of Resolution No. 980, until they actually receive the loan for housing purchase or improvement of living conditions on other grounds.

Thus, if a someone appears to be in the queue for obtaining the loan from KfW proceeds, such a person simultaneously retains his/her position in the queue formed by the State Fund for Support of Youth Housing Construction and its regional offices until actual receipt of housing.

“No one will be excluded from any register, to avoid the situation when, after getting into the KfW queue, a person loses his/her chance to obtain housing due to a closer position in the State Fund for Support of Youth Housing Construction queue. Thus, being number 5 in the State Fund for Support of Youth Housing Construction queue and getting to the register according to the KfW Agreement under number 30, a person stays in both queues at the same time until he/she receives housing from one of the registers,” Holovanchuk explained.

To recap, on November 16, the Government approved the Grant and Project Agreements between Ministry for Reintegration and KfW for attraction of 25.5 million EUR on privileged housing loans for IDPs.

The relevant Agreement was signed on June 03, 2020 by Ambassador of Germany in Ukraine Anka Feldhusen and Vice Prime Minister of Ukraine Oleksii Reznikov.

 Today, on December 02, the Verkhovna Rada ratified the Agreement between the Government of Ukraine and the Government of Germany on attraction of 25.5 million EUR from KfW (Germ. Kreditanstalt für Wiederaufbau — Credit Institution for Rebuilding) for issuing privileged housing loans to internally displaced persons (IDPs).

This Agreement will enable IDPs to obtain privileged loans for commissioned housing in the UAH equivalent of approximately 40 thousand EUR for 20 years under beneficial terms – 3% per annum in UAH based on the calculation of 63 sq. m of gross area per family.

“While the usual market interest rate on the existing loans can reach 25% per annum in UAH, eligible households can obtain loans within the state loan program at 3% per annum. In frames of implementation of the Agreement, it is planned to provide housing to 680 families or 1,768 IDPs during the nearest 2 years,” stressed Deputy Minister for Reintegration of Temporarily Occupied Territories Inna Holovanchuk.

For obtaining a privileged 3% loan, upon KfW’s request, a separate queue will be formed based on the existing registers maintained by the State Fund for Support of Youth Housing Construction and its regional offices in accordance with the requirements of Resolution of the Cabinet of Ministers dated November 27, 2019 No. 980.

In this case, it is important that the citizens, who are in the queue, will not be excluded from any register formed as per the requirements of Resolution No. 980, until they actually receive the loan for housing purchase or improvement of living conditions on other grounds.

Thus, if a someone appears to be in the queue for obtaining the loan from KfW proceeds, such a person simultaneously retains his/her position in the queue formed by the State Fund for Support of Youth Housing Construction and its regional offices until actual receipt of housing.

“No one will be excluded from any register, to avoid the situation when, after getting into the KfW queue, a person loses his/her chance to obtain housing due to a closer position in the State Fund for Support of Youth Housing Construction queue. Thus, being number 5 in the State Fund for Support of Youth Housing Construction queue and getting to the register according to the KfW Agreement under number 30, a person stays in both queues at the same time until he/she receives housing from one of the registers,” Holovanchuk explained.

To recap, on November 16, the Government approved the Grant and Project Agreements between Ministry for Reintegration and KfW for attraction of 25.5 million EUR on privileged housing loans for IDPs.

The relevant Agreement was signed on June 03, 2020 by Ambassador of Germany in Ukraine Anka Feldhusen and Vice Prime Minister of Ukraine Oleksii Reznikov.

 

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AGREEMENT WITH GERMAN GOVERNMENT RATIFIED BY PARLIAMENT TO ATTRACT EUR 25.5 MILLION ON HOUSING FOR IDPS

03.12.2020 | 12:15

Today, on December 02, the Verkhovna Rada ratified the Agreement between the Government of Ukraine and the Government of Germany on attraction of 25.5 million EUR from KfW (Germ. Kreditanstalt für Wiederaufbau — Credit Institution for Rebuilding) for issuing privileged housing loans to internally displaced persons (IDPs).

This Agreement will enable IDPs to obtain privileged loans for commissioned housing in the UAH equivalent of approximately 40 thousand EUR for 20 years under beneficial terms – 3% per annum in UAH based on the calculation of 63 sq. m of gross area per family.

“While the usual market interest rate on the existing loans can reach 25% per annum in UAH, eligible households can obtain loans within the state loan program at 3% per annum. In frames of implementation of the Agreement, it is planned to provide housing to 680 families or 1,768 IDPs during the nearest 2 years,” stressed Deputy Minister for Reintegration of Temporarily Occupied Territories Inna Holovanchuk.

For obtaining a privileged 3% loan, upon KfW’s request, a separate queue will be formed based on the existing registers maintained by the State Fund for Support of Youth Housing Construction and its regional offices in accordance with the requirements of Resolution of the Cabinet of Ministers dated November 27, 2019 No. 980.

In this case, it is important that the citizens, who are in the queue, will not be excluded from any register formed as per the requirements of Resolution No. 980, until they actually receive the loan for housing purchase or improvement of living conditions on other grounds.

Thus, if a someone appears to be in the queue for obtaining the loan from KfW proceeds, such a person simultaneously retains his/her position in the queue formed by the State Fund for Support of Youth Housing Construction and its regional offices until actual receipt of housing.

“No one will be excluded from any register, to avoid the situation when, after getting into the KfW queue, a person loses his/her chance to obtain housing due to a closer position in the State Fund for Support of Youth Housing Construction queue. Thus, being number 5 in the State Fund for Support of Youth Housing Construction queue and getting to the register according to the KfW Agreement under number 30, a person stays in both queues at the same time until he/she receives housing from one of the registers,” Holovanchuk explained.

To recap, on November 16, the Government approved the Grant and Project Agreements between Ministry for Reintegration and KfW for attraction of 25.5 million EUR on privileged housing loans for IDPs.

The relevant Agreement was signed on June 03, 2020 by Ambassador of Germany in Ukraine Anka Feldhusen and Vice Prime Minister of Ukraine Oleksii Reznikov.

 Today, on December 02, the Verkhovna Rada ratified the Agreement between the Government of Ukraine and the Government of Germany on attraction of 25.5 million EUR from KfW (Germ. Kreditanstalt für Wiederaufbau — Credit Institution for Rebuilding) for issuing privileged housing loans to internally displaced persons (IDPs).

This Agreement will enable IDPs to obtain privileged loans for commissioned housing in the UAH equivalent of approximately 40 thousand EUR for 20 years under beneficial terms – 3% per annum in UAH based on the calculation of 63 sq. m of gross area per family.

“While the usual market interest rate on the existing loans can reach 25% per annum in UAH, eligible households can obtain loans within the state loan program at 3% per annum. In frames of implementation of the Agreement, it is planned to provide housing to 680 families or 1,768 IDPs during the nearest 2 years,” stressed Deputy Minister for Reintegration of Temporarily Occupied Territories Inna Holovanchuk.

For obtaining a privileged 3% loan, upon KfW’s request, a separate queue will be formed based on the existing registers maintained by the State Fund for Support of Youth Housing Construction and its regional offices in accordance with the requirements of Resolution of the Cabinet of Ministers dated November 27, 2019 No. 980.

In this case, it is important that the citizens, who are in the queue, will not be excluded from any register formed as per the requirements of Resolution No. 980, until they actually receive the loan for housing purchase or improvement of living conditions on other grounds.

Thus, if a someone appears to be in the queue for obtaining the loan from KfW proceeds, such a person simultaneously retains his/her position in the queue formed by the State Fund for Support of Youth Housing Construction and its regional offices until actual receipt of housing.

“No one will be excluded from any register, to avoid the situation when, after getting into the KfW queue, a person loses his/her chance to obtain housing due to a closer position in the State Fund for Support of Youth Housing Construction queue. Thus, being number 5 in the State Fund for Support of Youth Housing Construction queue and getting to the register according to the KfW Agreement under number 30, a person stays in both queues at the same time until he/she receives housing from one of the registers,” Holovanchuk explained.

To recap, on November 16, the Government approved the Grant and Project Agreements between Ministry for Reintegration and KfW for attraction of 25.5 million EUR on privileged housing loans for IDPs.

The relevant Agreement was signed on June 03, 2020 by Ambassador of Germany in Ukraine Anka Feldhusen and Vice Prime Minister of Ukraine Oleksii Reznikov.