Vice Prime Minister: We drastically changed Affordable Housing program by making it really accessible and effective
Service of the Vice Prime Minister of Ukraine, posted 10 October 2018 14:39

We have completely updated Affordable Housing program by making it really accessible and effective, Vice Prime Minister/Minister of Regional Development, Construction, Housing and Utilities of Ukraine Hennadii Zubko announced during the Government sitting.

He stressed that the new updated program of providing Ukrainians with affordable housing developed by the Ministry of Regional Development, Construction, Housing and Utilities of Ukraine completely minimizes the corruption risks during its implementation. It offers an opportunity to citizens to choose their future housing, simplifies and facilitates access to the government lending, provides transparency and broadens the range of participants and lending opportunities through the involvement of state banks.

"The issue of affordable housing in Ukraine is more relevant than ever. Implementation of the Affordable Housing and Youth Mortgage Loans government programs should initially meet the needs of those who really need to solve the housing problem. We provide 30% compensation for the purchase of affordable housing from the state or local budgets and 50% compensation for internally displaced persons and ATO participants. We introduce the opportunity for the program participants to buy the already constructed housing from the developer. We reduce the required level of average monthly income for a family that needs to improve living conditions, from 5 to 3 sizes of average monthly salary per person per region according to the region. And the most important thing- we put into practice providing  transparent information through the website of the State Fund for the Promotion of Youth Housing Construction about the program participants and those who receive state support. We are implementing radical changes. Affordable Housing program should become really accessible to Ukrainians", Hennadii Zubko stressed.

He informed that according to the new order, the cost of 1 sq. m of affordable housing should not exceed the indicative price,  among innovations is introduction of a ban on the sale of housing received under preferential programs for three years. It also introduced an unbiased distribution of funds between regions in proportion to the population.

"The amendments developed by the Ministry of Regional Development, Construction, Housing and Utilities will provide more transparency, openness and effectiveness both in implementing the Affordable Housing and Youth Mortgage Loans programs, as well as in using state and local budget funds", Hennadii Zubko underscored.