State Fund for Promotion Youth Building was made by the customer building a 10-storey residential building of 121 apartments in Lugansk in the village of Mogila near Acute houses № 157 and № 158, completion and commissioning is planned for 2012
According to the project declaration, issued on Friday, building a house on three sections of a residential area of 7.4 thousand square meters. m was initiated in 2008 project also includes 814.25 square meters. m of office space. Contractor for the project stands LLC Rikod "(Lugansk).
According to local media, the head of the State Fund Leonid Risuhin controls the company "Rikod" by his son Dennis Risuhina. OOO Rikod was founded in 1995 and works in construction.
As reported with reference to L. Rysuhina, State Fund is planning in 2011 to send 465 million USD for the purchase of housing.
Overall, in 2010 to fund programs implemented were to receive state support for housing in the amount of 273 million UAH. Total were put into operation 35 houses with a total of 2.679 thousand apartments apartments, of which 402 apartments have citizens - participants of the programs State Fund.
State Fund uses state funds to provide long-term soft loans for housing for young families and single young people who need better housing conditions, as well as to attract extra-budgetary resources to finance state programs for youth shelter on the years 2002-2012. Approved by the Government on July 29 2002