[●] Kyiv, Brussels, January 2026 – Ukrainian Financial Housing Company (“UFHC”), operator of affordable housing mortgage program “yeOselia” and the European Investment fund and developer Revive have signed a Memorandum of Understanding to foster the launch of an affordable housing program for middle-income households and employees in critical sectors (“workforce housing”). Revive will build on it’s 15 years of experience in implementing affordable housing projects in Western and Central-Eastern European countries.
The objective of the cooperation is to develop a scalable affordable housing model for Ukrainians who are employed but unable to afford housing at market prices and, at the same time, do not qualify under any of the eligibility categories of the “yeOselia” affordable mortgage program.
The workforce housing segment is especially relevant in the context of Ukraine’s reconstruction. Following the large-scale invasion, many companies relocated their businesses to safer regions of Ukraine, triggering workforce relocation and a growing shortage of affordable housing. Employers face increasing challenges in attracting and retaining employees to work in suburban and rural areas.
“The cooperation with Revive marks an important step in expanding housing solutions in Ukraine. Combining UFHC’s experience in administering the “yeOselia” program with Revive’s European expertise in affordable housing development and fund management we allow us to create a sustainable and scalable model that supports workforce retention, economic recovery, and community development across Ukraine” emphasized the Chairman of the Management Board at UFHC Ievgen Metsger.
ReVive is looking to implement sustainable and energy-efficient construction solutions with a strong emphasis on quality, affordability, and social impact.
“The expertise as a regulated fund manager combined with the operational experience as a project developer, will add substantial for the development of an institutional affordable housing platform in Ukraine,” said Nicolas Bearelle, founder of Revive and Chairman of Urban Land Institute in Belgium.
Galyna Permyakova, director of Emerge Impact Real Estate B.V., commented:
“We are proud to support this partnership in developing a workforce housing program and mobilizing capital from leading IFIs and private investors to establish an affordable housing platform for employees with clearly defined social impact objectives.”
In 2025, Emerge Impact supported securing a EUR 100 million loan facility from the EBRD to develop a scalable affordable housing platform in Ukraine, delivering approximately 1,800 housing units for internally displaced persons and vulnerable groups.
The partners are looking to engage with Ukrainian corporates to create a purpose-built high quality energy efficient housing across multiple regions of Ukraine and mobilize institutional investors to support the growth and scalability of the workforce housing program.