The weaker the country’s national economy, the more it risks weakening due to the use of subsidies for the population provided to reduce energy costs. However, in a stronger economy, it is more appropriate to implement social support programs and green financial instruments to stimulate energy efficiency. Of course, there will be always a part of subsidies, as each country has a percentage of the population that cannot afford to pay for energy needs in full. Howsoever, economic incentive programs for energy efficiency contribute to economic development, in turn, the implementation of subsidies worsens the economies of poor countries even more. Due to the implementation of the state program “Affordable Mortgage”, it is appropriate to introduce an additional criterion estate for participation in this program — criterion of sustainability/energy efficiency of buildings, which should be confirmed by the relevant certificate of energy consumption and sustainability. The relevant criterion introduction will be motivating factor for existing developers to comply with the appropriate level of new buildings sustainability, as well as for owners of previously built real estate, and reduce the current and future owners energy costs of such real estate. Position about importance of integration of two state initiatives: “Affordable Mortgage” and “Green Deal”.*** The European-Ukrainian Energy Agency is implementing the SMARTER Finance for Families project in Ukraine. SMARTER Finance for Families — is a project of Horizon 2020 for the implementation of ambitious but practical programs “Green Homes and Green Mortgage” in 12 European countries, including cooperation and participation of 17 expert organizations of green building, clean energy, research and other organizations. Green Home Green Mortgage, established by SMARTER Finance for Families — is a unique mortgage product for buildings, that banks can offer by providing a discount on the interest rate when buying a certified “green” house. Making a “green” mortgage for the bank will reduce the risk of default under the mortgage agreement (due to lower monthly utility costs by building sustainability), compared to traditional houses. | 
