The first meeting of the Advisory Council on the Development of Housing Financing in Ukraine was held
The first meeting of the newly created Advisory Council on cooperation and support in the development of reforms and recommendations for effective mechanisms for financing the housing sector in Ukraine.
The initiative is implemented under the Ministry of Economy, Environment and Agriculture of Ukraine and is aimed at developing effective mechanisms for attracting capital and adapting international experience for the development of the housing financing system. The idea of creating the Advisory Board arose as a result of the interaction of the Ministry with the leadership of the European Mortgage Federation (EMF-ECBC).
The meeting was attended by leading experts of international financial organizations, in particular the European Bank for Reconstruction and Development, the Organization for Economic Cooperation and Development, as well as representatives of commercial banks (JP Morgan, Barclays, Helaba, LBBW) and scientific institutions from EU countries.
“The Advisory Council on Housing Financing in Ukraine is not just a platform for exchanging opinions. This is an institutional mechanism that allows us to combine the best international practices with the unique needs of the Ukrainian market. In particular, in the context of post-war reconstruction, energy efficiency and integration of internally displaced persons. We do not copy other people’s models, but create our own – Ukrainian – system, which will be transparent, sustainable and people-oriented.
I am grateful to international partners who supported our initiative from the first steps, continue to share their experience and work with us to build a financial architecture. That’s all, it will provide millions of Ukrainians with a path to affordable housing, as well as the rapid development of the financial market of Ukraine,” noted Andrii Telyupa, co-chairman of the Advisory Council, Deputy Minister of Economy, Environment and Agriculture of Ukraine.
At the meeting, key areas of the council’s activity were discussed, including the development of mortgage lending, lease-to-buy mechanisms, the introduction of securitization, guarantee instruments and covered bonds, as well as the importance of optimization and targeting of state subsidies. Particular attention was paid to the harmonization of Ukrainian legislation with EU norms in the field of financial instruments and the creation of a favorable environment for attracting private capital to housing programs.
The format of the council’s further work was also determined, including the preparation of recommendations for the Ministry regarding the institutional development of housing financing. The creation of the Advisory Council is part of the government’s policy to create a modern system of housing financing, which should become the basis of stability, integration and well-being of millions of Ukrainian families.
