In Crimea, thinking about a mortgage

11.07.2011 10:47
Articles about real estate | In Crimea, thinking about a mortgage Under the leadership of Vice-Chairman of the Council of Ministers - Minister of Regional Development and Housing Crimea Aziz Abdullayev held a meeting on the implementation of the Program of state mortgage lending.

On the agenda were two issues: the development of mechanisms to enhance the construction sector and its removal from the crisis with the assistance of the SMI implementation in the Crimea and the program "Affordable Housing" in 2011 from 1 July 2011, the State Mortgage Institution (SMI) is returned to active operations the refinancing of mortgage loans on the secondary market to facilitate the restoration of the mortgage market in Ukraine, - Victor has told his representative Pavliuk. This year, the Cabinet of Ministers allocated UAH 1.5 billion to implement this program. Thus, the SMI will perform the functions of financing real estate developers through partner banks for completion of residential purposes and refinancing of mortgages of the population, both the primary and secondary housing market. The refinancing rate is 11%.
Present at the meeting expressed the representatives of the SMI developers offer finance not only the objects with high availability (at least 70%), as required by the institution, but also objects with a smaller percentage of readiness. It also cut the interest rate (11%), which is offered today.

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In turn, representatives of banking institutions the autonomy offered to establish a public registry of contracts of share participation, to avoid falling into the program data objects that are company-builders have already transferred the ownership of individuals on the basis of mutual participation, thus eliminating the possibility of controlling the sale of housing banks.
On the second point made by the Regional Director of the Foundation Youth Housing Assistance in ARC Nicholas Tsvyaschenko. He noted that "the Council of Ministers of Crimea are processed mechanisms to encourage multifamily construction, due to implementation of the program" Affordable Housing ". Participate in it can be anyone, composed on the housing lists. Now, owners need to issue the relevant documents and application for participation in the program. "
Following the meeting, Abdullaev charged banking institutions of the peninsula to analyze their activities in terms of mortgage lending for the I half of 2011 and forecast for the next six months, and local authorities to monitor the activities of contractors on the ground and building plans to provide facilities at the II semester. In turn, construction companies must conduct an economic analysis of prices over the last two years and inform the Council of Ministers of Crimea. 
Content tags: Property Regions Mortgages
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