The European Bank for Reconstruction and Development (EBRD) and the European Commission signed a €100 million loan facility to support the development of a scalable and affordable housing platform in Ukraine that is conducted by Hansen Ukrainian Mission, a Ukraine-based non-profit organization established by U.S. real estate developer Dell Loy Hansen. The financing will help deliver housing for internally displaced persons (IDPs) and other vulnerable groups.
EBRD has engaged EY Ukraine to conduct a market due diligence overview to support the development of affordable rental housing platform. The EY team undertook a comprehensive study aimed at analysis of proposed affordable rental housing model that is relevant to the Ukrainian market conditions and meets investor expectations. EY role encompassed a set of analyses, including affordable rental housing market overview and structure, legal and regulatory analysis, an assessment of key risk factors relevant to investment, a detailed project analysis, and a financial model preparation.
“Our role was to provide a thorough, objective assessment of both the sector and the project to support informed decision-making as Ukraine navigates complex housing needs. We are honored to contribute to initiatives that strengthen the country’s social infrastructure,” said Rostyslav Khoma, Real Estate Advisory Services Leader at EY Ukraine.
EY Ukraine project team included Rostyslav Khoma, Real Estate Advisory Services Leader, Anastasiia Fedirko, Manager, Real Estate Advisory Services, and Kateryna Oliiynyk, Senior Manager, Tax & Law practice.
The project’s results have become a key component in the further development of an affordable housing platform that can make a significant contribution to the country’s socio-economic recovery.