State Fund will provide the youth of construction loans for «affordable housing» in June

31.05.2011 15:45
Property News | State Fund will provide the youth of construction loans for «affordable housing» in June State-owned specialized financial institution, "the State Fund for Youth Housing Assistance plans in June to begin providing loans to buy apartments under the program" Affordable Housing ".

"Also in June we will begin work on the program for affordable housing. To date, determined by the amount - 100 million UAH, which will be available at 30%-ing a subsidy for housing. I think, about 800 families at the expense of 100 million USD will receive state support and get housing, "- said the State Fund board chairman Leonid Rysuhin at a press conference in Kiev on Tuesday, wrote Building.

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He also said that this year will learn all the 60 million USD provided by the general fund budget on programs for youth housing.

"In this year of 60 million UAH envisaged by the general fund budget, we have actually provided some 12 million UAH, that are provided to citizens in the form of concessional loans. In addition, somewhere in the 40 million USD we have provided for compensation of interest rates of commercial banks. About 10-12 million USD loans provided by local budgets ", - said A. Rysuhin.

In addition, he reported that at their own expense fund also provides loans to young families under 10,75% annual. "We also will soon provide loans somewhere in the 7-8 million USD from its own fund," - he added.

In turn, the head of the supervisory board of the fund Tolstoukhov said that on completion of housing for young people should be at least 800 mln. "In order to, for example, to complete the construction of what is today in the work, you need at least 800 mln. Is the budget for this - you want to count "- he said.

For information: State Fund Youth Housing Assistance by government order № 1357-r dated July 7, 2010 sent to the area of ??government Ministry of Regional Development.

The Foundation 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 program providing housing for young people 2002-2012 years. Approved by the Government on July 29 2002
Content tags: Mortgages Housing
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