THE ESSENCE, STRUCTURE AND FEATURES OF ATTRACTING INVESTMENT IN DEVELOPMENT AND RECONSTRUCTION OF THE HOUSING STOCK OF UKRAINIAN CITIES

The article deals with the essence, structure and peculiarities of attracting investments in the development and reconstruction of the housing stock of Ukrainian cities. Changes in the development and reconstruction of the housing stock of Ukraine caused by the consequences of the full-scale invasion of Russian troops are identified. It is proposed to consider the development of the housing stock as reconstruction aimed at transforming the housing stock, gradual change of quantitative and qualitative characteristics, adaptation to the new environment and new conditions, primarily caused by martial law and current needs of the population, focused on improvement and growth. The author proposes to consider the following as investments in the development and reconstruction of the housing stock of Ukrainian cities: property, financial and intellectual assets, the use of which is aimed at restoring the functioning, modernisation and expansion of the housing stock. The interests of stakeholders, primarily investors, community residents, local authorities, construction companies, banks and financial institutions, and NGOs in the process of attracting investment in the development and reconstruction of the housing stock of Ukrainian cities are identified. An improved classification of investments for the development and reconstruction of the housing stock of Ukrainian cities is proposed. The negative factors that worsened the investment environment and investment climate in housing construction in 2021 were identified, which were limited to political, economic and financial risks, as well as risks associated with the judicial system. It is substantiated that since 2022, these negative factors have been compounded by new risks and threats associated with the significant scale of destruction of Ukraine’s housing stock as a result of shelling. It is established that, according to the Ukrainian authorities, Ukraine needs more than USD 15 billion in 2024 for immediate reconstruction and recovery priorities at both the national and community levels. It is determined that the amount of funds needed for reconstruction exceeds 2.7 times the current level of Ukraine’s GDP.