Instruments for financing housing construction programs in Ukraine

The article is devoted to the study of issues of financial support for housing construction in terms of budgetary policy instruments. The purpose of the article is to analyze and characterize the composition of budgetary policy instruments for financing housing construction in Ukraine. Information on current programs for providing affordable housing to the population is analyzed, namely: «eOselia», «Domivka+», «Housing rental subsidy», Program for preferential long-term lending to youth, «Own home». The «eOselia» program is an affordable housing lending program implemented by the Ministry of Economy of Ukraine, the Ministry of Digital Transformation and PJSC «Ukrfinzhytlo». «Domivka+» provides for the rental of housing with a preemptive right to buy it out on favorable terms. «Housing rental subsidy» aims at obtaining a subsidy or part of the cost of hiring IDPs whose rental expenses exceed 20 % of income under certain conditions. The program of preferential long-term lending to youth provides for the provision of preferential loans for the construction or purchase of housing. «Own home» is a program aimed at providing preferential loans for the construction, reconstruction or purchase of housing in rural areas. The essence of the above programs is disclosed and information is summarized in terms of the entities implementing them and the participants involved. The regulatory and legal framework for the functioning of these programs is studied. The characteristic advantages and disadvantages of the above programs are outlined. Information on the affordable housing lending program «eOselia» is considered in detail and summarized as one of the most relevant budget policy instruments in financing housing construction. The terms of lending under the program are analyzed and statistical information on the number of loans provided under the «eOselia» program is summarized. The dynamics of the volume of loans granted during 2022–2024 was analyzed in terms of the program’s partner banks. Statistical information on the number of loans granted in terms of real estate is summarized: in the primary market, in the secondary market and from the developer. Generalized information on the number of loans granted in terms of territorial representation and in terms of categories of borrowers provided for by the program is provided. A trend towards an increase in the value of real estate in the western regions of Ukraine was identified, which is primarily due to the influence and consequences of military operations.