KYIV. Sept 11 (Interfax-Ukraine) – The Regional Development, Construction, Housing and Utilities Economy Ministry of Ukraine has requested financing of UAH 2 billion from the 2016 budget to realize the state youth housing crediting program and the program on the provision of state support to construct or buy affordable housing under the 70/30 scheme.
“The budget request of the ministry includes UAH 1 billion for each program. This is around UAH 4 billion including funds invested by individuals,” Deputy Minister Roman Abramovsky said at a general meeting of members of the Constructors Confederation of Ukraine in Kyiv on Thursday.
He said that taking into account the expected payments by local budgets of around UAH 2 billion for the realization of the two programs, the total sum of the funds raised to the construction sector would reach around UAH 6 billion.
“We would insist on adopting these budget programs and providing for their financing,” he said.
Ukraine has five state affordable housing programs, however due to the absence of financing in 2014 the implantation of some programs was suspended.
