Apartment Building Co-Owner Associations Got UAH 103 mln of “Warm” Loans in April

The governmental Warm Loan program is gaining popularity, stimulating the population to energy efficiency.

In April this year, 320 apartment building co-owner associations were granted UAH 103 million of “warm” loans for energy efficiency activities. For comparison, only 15 apartment building co-owner associations got UAH 4 million of loans for these purposes in March 2019.

The growth is evident. Thus, over the past 3 years:

– demand for “warm” loans has increased 8 times (from 194 apartment building co-owner associations in 2015 to over 1.600 in 2018);

– individuals and apartment building co-owner associations have started carrying out more complex energy efficiency activities (average loan of apartment building co-owner associations has grown 3.5 times – from UAH 85 thousand in 2015 to almost UAH 300 thousand in 2018).

Source: Cabinet of Ministers of Ukraine

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