Germany grants € 25.5 million to Ukraine for housing immigrants
Germany is providing Ukraine with a total subsidy of 25.5 million euros for the creation of housing for the displaced.
The German Embassy in Ukraine, Anka Feldguzen, and the Ukrainian Deputy Prime Minister Aleksey Reznikov signed the agreement on June 3.
“Ambassador Feldguzen and Ukrainian Deputy Prime Minister Oleksiy Reznikov signed a financial cooperation agreement. With this agreement, the German federal government will provide Ukraine with a grant totaling 25.5 million euros to create housing for displaced people, “the statement said.
As stated, the objective of the project, which is implemented by the Credit Institution for Reconstruction (KfW), is to refinance a state-subsidized program for providing loans for the purchase of clean housing. Depending on the actual loan volume, approximately 1,200 loans can be refinanced with this grant.
“Up to 5,000 IDPs will benefit from this project which improves their living conditions and their social integration in the local authorities which accept them. While the usual market interest rate on available loans can reach up to 25 % per year, households who are entitled to it can obtain loans under the state credit program at around 3% per year, however, the living area of the apartments financed cannot exceed the limit fixed by the state credit program, “the statement said.
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As the German diplomatic institution pointed out, although a significant part of the displaced persons in Ukraine are already working and receiving payment for this, most of them still do not have accommodation that meets their needs.
As reported by Ukrinform, the Council of Ministers of Ukraine approved on 22 April a corresponding agreement with the government of the Federal Republic of Germany on cooperation in the framework of the project “Accommodation for displaced persons”.
In Ukraine, as of April 13, the number of IDPs registered was over 1.4 million, including 367,849 working-age people, 197,672 children, 51,355 people with disabilities, 724,427 retirees, 1,173 families registered 283.
According to the materials: ukrinform.ru