INTEGRITES has been selected as legal counsel to PJSC Ukrainian Finance Housing Company (UFHC, Ukrfinzhytlo)  in connection with a bridge financing to be granted by international financial institutions and subsequent securitization of mortgage loans. 

It is expected that the bridge financing will help UFHC to resume affordable mortgage lending, build up a robust portfolio of home loans and, as soon as international capital markets become accessible, issue mortgage-backed international securities to raise additional liquidity from foreign investors.

UFHC is a Ukrainian state-owned financial institution created to implement an affordable home mortgage lending program (the so-called eOselya) which is designed to provide support for servicemen, veterans, combatants, healthcare professionals, scientists, teachers, displaced persons and other low and middle-income Ukrainians willing to buy homes or improve their living conditions.

Lead partner Igor Krasovskiy said: “The social and developmental impact of this project is huge as millions of Ukrainians, who lost homes due to ongoing war, desperately need affordable house loans to rebuild and buy new homes. We are very much looking forward to advising UFHC on such a challenging high-impact project.”

Notably, in 2024 UFHC has entered into a strategic collaboration with J.P. Morgan, a prominent US financial group, and Alvarez & Marsal, a global consulting firm, with an aim to enhance mortgage lending.estors in Ukraine.