Danylo Hetmantsev, head of the parliamentary finance committee, explained that securitization involves transferring some risk of non-repayment to investors, which is crucial for developing the mortgage market, especially given Ukraine’s over 4.6 million internally displaced persons and the country’s urgent housing needs. The law also promotes covered bonds, a funding instrument secured by high-quality assets. By the end of 2024, the EU’s covered bond market surpassed €3.3T, highlighting this instrument’s potential for Ukraine.Additionally, the State Fund for Promoting Youth Housing Construction received €7.5M in grants from the International Organization for Migration (IOM), marking the first installment of a €33M program supporting preferential loans for internally displaced persons, with backing from KfW and the German government. The €33M will be divided into €23M for nationwide lending and up to €10M for communities hosting large, displaced populations, with funds revolving through loan payments to finance new loans. The initial tranche enabled the launch of the 25th candidate selection stage, expected to help around 425 people secure loans on favorable terms.https://ubn.news/ukraine-is-taking-steps-to-lower-mortgage-costs-and-draw-investment-into-its-economy/ (ICE KIEV)

Fonte notizia: Ukrainian Business News www.ubn.news