City loan repayment programme

City loan repayment programme

Duration

2016 – ongoing

Recipients

HOAs, housing cooperatives, apartment owners associations, housing cooperatives

Managing body

Bank

Volume of funding

1) Reimbursement of up to 40% of the loan for the installation of devices, but not more than €667

2) Reimbursement of up to 35% for other measures but not more than €10,000

Details

Decision of the city council of Odessa from 10.09.2015. No. 6920-VI.

Municipalities supplement their programmes with “Warm Loans” by subsidising the purchase of equipment and the performance of construction and assembly works by repaying the loan. For poor households, subsidies are increasing. In this case, the description refers to the support scheme applied by the city of Odessa, but similar approaches are to be found in other Ukrainian cities as well.

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