Project Description
The project provides assistance in Ukraine to facilitate investment in
energy-efficient renovations of residential multifamily buildings.
Specific actions include: 1) developing legislation to enable local
condominium associations and management companies to access finance to
improve the energy efficiency of multifamily buildings; 2) working with
three to five partner Ukrainian banks to develop and market financially
viable energy-efficient housing loan products targeted at condominium
associations and housing management companies; and 3) increasing the
awareness of key market stakeholders regarding residential energy
efficiency. The objective is to facilitate at least $50 million of
investment in energy-efficient renovations of residential multifamily
buildings, resulting in an annual reduction of CO2 by at least 200,000
tons.