e-Housing Program: Monthly Financing of 1 Billion Hryvnias to Continue for Six Months

Over the next 5-6 months, the e-Housing mortgage program will be financed according to a stable scheme: 1 billion hryvnias will be allocated monthly. These funds will ensure the issuance of 600-700 loans per month, said Andriy Tarasenko, Head of the Credit Operations Directorate of Ukrfinzhytlo PJSC, during a panel discussion at the III Ukrainian Construction Congress.

“Our benchmark is 600-700 loans per month, or about 1 billion hryvnias. We have been maintaining this financing rate for the past few months and plan to maintain it for the next six months,” Tarasenko noted.

However, these financing volumes turned out to be somewhat smaller than previous plans. Earlier, the head of Ukrfinzhytlo, Yevhen Metsger, reported that in 2024 the company planned to allocate 19 billion hryvnias through the e-Housing program, which was supposed to provide 12,000 loans - approximately one thousand per month. However, in practice, realtors and banks note difficulties with financing that have affected the implementation of the program.

Financing for e-Housing does not come directly from the state budget, as Tarasenko clarified. The company received government bonds (domestic government loan bonds) from the Ministry of Finance, and already under these bonds it raises funds on the open market. For this, Ukrfinzhytlo uses bank loans and REPO operations. The funds raised are directed to issuing new loans within the framework of the program.

“We have already concluded agreements to attract financing. These funds will ensure the implementation of the program in certain volumes,” Tarasenko said.

The company is also actively working to expand financing opportunities. Among the priorities are increasing credit limits in banks and attracting international financial institutions that could provide guarantees for obtaining additional funds. This should help stabilize the program and ensure its further development.

Thus, e-Housing remains a key tool for supporting mortgage lending in Ukraine, although financing challenges require comprehensive solutions and additional support.