Early Warning System

Countries

Ukraine

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

European Bank for Reconstruction and Development (EBRD)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Proposed

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Dec 3, 2025

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

Hansen Affordable Housing, LLC; Hansen Affordable Housing Parkway House, LLC

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Construction
Industry and Trade

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Loan

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 116.58 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 100
Converted using 2025-10-19 exchange rate.

Project Cost (USD)

$ 194.69 million

Primary Source

Original disclosure @ EBRD website

Updated in EWS Oct 24, 2025

Disclosed by Bank Oct 19, 2025

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the project consists of a senior secured loan facility of up to EUR 100 million in favour of the project companies (the "Borrowers") that will develop, own and operate affordable housing projects in Ukraine. The Borrowers are / will be 100% owned by Mr Dell Loy Hansen (the "Sponsor") and are operationally supported by Hansen Ukrainian Mission ("HUM"), a Ukraine-based non-profit organisation founded by the Sponsor. With HUM's support, the Sponsor launched the "Ladder to Prosperity" Programme, an affordable housing platform designed to support internally displaced persons ("IDPs"), senior citizens, and war veterans in Ukraine (the "Platform"). The loan facility will fund the further expansion of the Platform, with a focus on (i) affordable rental and (ii) rent-to-own housing models.

The initial committed tranche of EUR 7.1 million will finance the development of Phase 1 of the Project, comprising two EDGE-certified affordable rental housing projects in Kyiv Region, delivering 182 units. Future phases of the Project will scale up to ca. 1,800 energy-efficient affordable housing units across multiple locations by 2029.

EBRD's financing will enable the Sponsor to deliver stable, energy-efficient, and affordable housing for IDPs and other vulnerable groups, while also supporting economic integration through targeted training programmes. The Project will serve as a demonstration of a private-sector-led housing recovery model in Ukraine, designed for replication and scale-up in subsequent phases.

Early Warning System Project Analysis

For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Category B (ESP 2024). Environmental and social risks associated with the completion and operation of Phase 1 of the Project, comprised of residential buildings to deliver approximately 182 affordable rental housing units across two sites in the Kyiv Region, together with associated infrastructure and community facilities, are site-specific and can be readily assessed and managed through the implementation of an Environmental and Social Action Plan ("ESAP").

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

A senior secured loan facility of up to EUR 100 million. Initial committed tranche of EUR 7.1 million to finance Phase 1 of the Project, and an uncommitted tranche of EUR 92.9 million to finance subsequent phases of the Project.

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

The Sponsor, Mr Dell Loy Hansen, is the founder of Hansen Ukrainian Mission, a Ukraine-based non-profit organisation wholly owned by the Dell Loy Hansen Family Foundation. HUM is dedicated to providing affordable housing for Ukrainian IDPs and other vulnerable groups. The Borrowers for the purposes of Phase 1 are two newly established Ukrainian SPVs, Hansen Affordable Housing, LLC and Hansen Affordable Housing Parkway House, LLC, fully owned by the Sponsor. HUM will provide oversight and coordination for the implementation of the "Ladder to Prosperity" Programme by the respective Borrowers and across the Platform.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	HANSEN AFFORDABLE HOUSING LLC	Client	-

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Director Affordable Housing: Victoriya Slyzhyk
cf.hum.housingforall@gmail.com
https://affordable-housing.com.ua/

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html