RLF - Hansen Affordable Housing

signed

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 "Project"). 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.