Hetmantsev outlines funding sources for Ukraine’s large-scale mortgage program

Danylo Hetmantsev, Chairman of the Verkhovna Rada Committee on Finance, Tax and Customs Policy, explained this to an Ukrinform correspondent on the sidelines of the First Affordable Mortgage Forum.

“We see additional funding sources coming from the development of the capital market. The idea is to attract small-scale investments from our citizens that can be directed into securities,” Hetmantsev said.

He added that part of the banking sector’s free liquidity—currently around UAH 500 billion—could also be used. While not all of it is expected to be mobilized, a portion could be directed to the program with the support of the National Bank.

Further financing is expected from international partners backing the initiative, while state budget allocations may be expanded. “Undoubtedly, if this amount proves insufficient, we will be forced to issue domestic government bonds to cover the gap,” Hetmantsev concluded.

As reported earlier, Ukraine plans to launch a state-backed mortgage program at 3% interest for up to 25 years, designed to benefit approximately one million Ukrainian families.