CMS advises Hansen Ukrainian Mission on financing for rental housing platform in Ukraine

16/ 12/ 2025

CMS has advised Hansen Ukrainian Mission (HUM) on the negotiation of a European Bank for Reconstruction and Development (EBRD) loan agreement of up to €100m to develop a scalable and affordable housing platform in Ukraine. The transaction will help deliver safe and sustainable housing for internally displaced persons (IPDs) and other vulnerable groups, addressing one of the country’s most pressing social needs. The rental platform is led by developer and philanthropist Dell Loy Hansen, and supported by HUM, a non-profit organisation dedicated to housing solutions for displaced families. Through HUM’s “Ladder to Prosperity” initiative, the project combines affordable rental and rent-to-own models to promote long-term housing security and economic integration. The EBRD financing will help HUM demonstrate a scalable, private-sector-led approach to Ukraine’s housing recovery. Subsequent phases are expected to deliver 1,800 affordable homes across the Kyiv region by 2029. The financing will benefit from partial first-loss risk cover under the European Union’s Ukraine Investment Framework Municipal Infrastructure and Industrial Resilience Programme (UIF MIIR). It will also benefit from donor-funded technical cooperation to strengthen its social and environmental impact. These will support human capital recovery and skills development through an apprenticeship scheme targeted primarily at IDPs, alongside the preparation of a tenant support action plan. Natalia Kushniruk, Real Estate Partner at CMS Ukraine, comments: “We’re proud to have supported Hansen Ukrainian Mission in securing this financing with the European Bank for Reconstruction and Development. This transaction is a pivotal step in advancing a market‑ready, scalable solution to one of Ukraine’s most urgent social needs. We look forward seeing this project comes to life over the next few years.” The CMS team was led by Natalia Kushniruk and Kateryna Chechulina with support from Liudmyla Stryzhak (Banking and Finance) and Mykhaylo Soroka (Real Estate). - END - For further information, please contact: Darina Gordienko E: [email protected] T: +38044 391 3377 Notes to editors: CMS Founded in 1999, CMS is an international organisation of independent law firms that offers full-service legal and tax advice. With 92 offices in over 50 countries across the world and more than 7,200 lawyers, CMS has longstanding expertise both in advising in its local jurisdictions and across borders. From major multinationals and mid-caps to enterprising start-ups, CMS provides the technical rigour, strategic excellence and long-term partnership to keep each client ahead in its chosen markets. The CMS member firms provide a wide range of expertise across 19 practice areas and sectors, including Corporate/M&A, Energy & Climate Change, Funds, Life Sciences & Healthcare, TMC, Tax, Banking & Finance, Commercial, Antitrust, Competition & Trade, Dispute Resolution, Employment, Labour & Pensions, Intellectual Property and Real Estate. For more information, please visit cms.law

The transaction will help deliver safe and sustainable housing for internally displaced persons (IPDs) and other vulnerable groups, addressing one of the country’s most pressing social needs.

The rental platform is led by developer and philanthropist Dell Loy Hansen, and supported by HUM, a non-profit organisation dedicated to housing solutions for displaced families. Through HUM’s “Ladder to Prosperity” initiative, the project combines affordable rental and rent-to-own models to promote long-term housing security and economic integration.

The EBRD financing will help HUM demonstrate a scalable, private-sector-led approach to Ukraine’s housing recovery. Subsequent phases are expected to deliver 1,800 affordable homes across the Kyiv region by 2029.

The financing will benefit from partial first-loss risk cover under the European Union’s Ukraine Investment Framework Municipal Infrastructure and Industrial Resilience Programme (UIF MIIR). It will also benefit from donor-funded technical cooperation to strengthen its social and environmental impact. These will support human capital recovery and skills development through an apprenticeship scheme targeted primarily at IDPs, alongside the preparation of a tenant support action plan.

Natalia Kushniruk, Real Estate Partner at CMS Ukraine, comments: “We’re proud to have supported Hansen Ukrainian Mission in securing this financing with the European Bank for Reconstruction and Development. This transaction is a pivotal step in advancing a market‑ready, scalable solution to one of Ukraine’s most urgent social needs. We look forward seeing this project comes to life over the next few years.”

The CMS team was led by Natalia Kushniruk and Kateryna Chechulina with support from Liudmyla Stryzhak (Banking and Finance) and Mykhaylo Soroka (Real Estate).

– END –

For further information, please contact:

Darina Gordienko

E: [email protected]

T: +38044 391 3377

Notes to editors:

CMS

Founded in 1999, CMS is an international organisation of independent law firms that offers full-service legal and tax advice. With 92 offices in over 50 countries across the world and more than 7,200 lawyers, CMS has longstanding expertise both in advising in its local jurisdictions and across borders. From major multinationals and mid-caps to enterprising start-ups, CMS provides the technical rigour, strategic excellence and long-term partnership to keep each client ahead in its chosen markets.

The CMS member firms provide a wide range of expertise across 19 practice areas and sectors, including Corporate/M&A, Energy & Climate Change, Funds, Life Sciences & Healthcare, TMC, Tax, Banking & Finance, Commercial, Antitrust, Competition & Trade, Dispute Resolution, Employment, Labour & Pensions, Intellectual Property and Real Estate.

For more information, please visit cms.law