The project will allow homeowners to make minor repairs, such as replacing broken windows or repairing a damaged roof.
The World Bank has given Ukraine $232 million in aid to urgently repair homes damaged by the Russian invasion. This was stated in a press release from the bank.
This is the first tranche of the project Home renovation to empower people (I WISH). More than 100,000 Ukrainian families will receive compensation.
The project will allow homeowners to make minor repairs, such as replacing broken windows or repairing a damaged roof. Repair funds will also be provided to homeowners in apartment buildings that have received moderate damage and do not require major repairs.
According to World Bank estimates, Ukraine’s housing sector suffered more than $50 billion in direct damage as a result of the war. The HOPE project is designed to help rehabilitate approximately two-thirds of damaged residential buildings that are considered repairable.
The money is earmarked to pay for repairs (replacing windows damaged due to peeling or repairing the roof) to owners of damaged housing. This is approximately 98,000 detached houses and 8,000 residences in 160 multi-family residential buildings in five regions.
Later, additional funding of up to $800 million is expected from the World Bank and partners in the form of loan guarantees, grants and other contributions.
An estimated 1.4 million housing units were damaged by the Russian invasion, representing 7% of the total housing stock, home to 3.5 million people. At the same time, 87% of damaged housing was apartment buildings, mainly in urban areas.
Remember the program Repair applications of 10 thousand families were transferred to pay compensation for the restoration of housing damaged by the Russians. The largest number of applications for damaged housing came from Kharkiv, Kyiv, Mykolaiv, Kherson and Donetsk regions.
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Source: korrespondent
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