IMPROVEMENT OF INVESTMENT DESIGN TOOLS FOR THE RECONSTRUCTION OF OUTDATED HOUSING STOCK IN UKRAINE
Abstract
The article examines the critical state of Ukraine’s aging housing stock in the context of post-war reconstruction and intensifying socio-economic challenges. It argues for modernizing investment-design tools to address buildings’ physical deterioration, energy efficiency, social equity, and limited financial resources. Drawing on Croatia’s post-1991–1995 war experience, the study identifies key practices: centralized financing with international donors, mandatory thermal modernization, incentivizing co-owner associations, and deploying “green” technologies of designing. In Ukraine, systemic obstacles hinder recovery: absence of a unified state housing strategy, opaque budget allocations, a shortage of qualified project managers, and low digitalization of assessment and monitoring. Moreover, insufficient incentives for condominium associations reduce resident participation, weak regulatory framework hampers “green” financial instruments. To overcome these challenges, a comprehensive model is proposed, comprising: Interdepartmental working groups at central and local levels to coordinate state bodies, municipalities, and international partners. Diversified funding sources: state subsidies, municipal programs, loans from international financial organizations, “green” bonds, and guarantees for private investors. Support for condominium associations through training in collective management, technical maintenance, and collaboration with service. Development of human capital via professional training in project management, energy auditing, and “green” construction, creating a skilled workforce for large-scale projects. These measures aim to help state and local authorities design effective tools for attracting investment to reconstruct housing infrastructure. The proposed approach to improving investment-design tools for reconstructing outdated housing stock will boost efficiency, transparency, and environmental safety; improve living conditions; and support the sustainable development of Ukraine’s housing sector.
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