Oleksandr Vilkul will restore the state program of affordable housing and concessional lending

Oleksandr Vilkul will restore the state program of affordable housing and concessional lending

Thanks to this, at least 100 thousand families a year will have the opportunity to buy apartments on favourable terms.

“For the last 5 years, most mansions have been built for marauders fattened by the authorities, who earn money on corruption, war, the army, and the state budget. And ordinary people have lost the opportunity to buy an apartment – huge interest rates of banks, wages have fallen. I will renew all state programs on the construction of affordable housing, 10-year concessional loans, a maximum of 3% per annum in the national currency. Under this program we will build at least 100 thousand new apartments per year. We have already done this in 2010 - 2013, we will do it right after our victory,” Oleksandr Vilkul said during a meeting with the builders.

Now almost 800 thousand Ukrainian families are queuing for housing in Ukraine. About 2.5 million people are in dire need of improving their living conditions. 45% of the population of Ukraine live in overpopulated housing. 39% of the housing of Ukrainian households do not meet sanitary standards (less than 13.65 square meters per person). And another 60% of households live in outdated housing stock, built in the 60s-80s.

The average Ukrainian family is financially unable to buy even a minimal apartment. The cost of one square meter of housing is from one and a half to two or more average monthly salaries of a Ukrainian. 23 - 24% per annum are simply unaffordable for ordinary Ukrainians. On average, a family needs to save more than 30 years to buy a one-room apartment.

From 2012 to 2013, when Vilkul was serving as Vice Prime Minister of Ukraine, about 50,000 families received apartments under affordable housing programs.

According to the Ministry of Regional Development, in 2018, 2 times less housing was commissioned than in 2013 (5.2 million square meters versus 11 million square meters).
07 March 2019 12:33
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