Ukraine Finance Housing Company (UFHC), operator of the affordable housing mortgage program "yeOselia", and European fund management company Revive have signed a Memorandum of Understanding to launch an affordable housing program for middle-income households and workers in critical sectors.
Revive brings 15 years of experience in affordable housing across Europe and the CEE region.
The cooperation aims to develop a housing model for working Ukrainians who cannot afford market-rate housing but do not qualify for the "yeOselia" program. Following the large-scale invasion, many companies relocated to safer regions, creating workforce relocation and housing shortages. Employers struggle to attract and retain employees in suburban and rural areas.
"The cooperation with Revive marks an important step in expanding Ukraine's housing. By combining UFHC's experience in administering the affordable mortgage program 'yeOselia' with Revive's European expertise in affordable housing development and fund management, we aim to create a sustainable model that supports workforce retention, economic recovery, and community stability across Ukraine," said Ievgen Metsger, Chairman of UFHC's Management Board.
Revive plans to implement energy-efficient construction solutions with emphasis on quality, affordability, and social impact. "The expertise as a regulated fund manager combined with operational experience as a project developer is important for developing 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, commented: "We are proud to support this partnership in developing a workforce housing program and mobilising 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 helped secure a €100 million EBRD loan facility to develop housing for internally displaced persons, delivering approximately 1,800 units.
