Affordable Housing Program

Affordable Housing Program

We tried to understand as much as possible put into practice a new state program. For many residents of Kharkov dreams remain out of reach of the apartment. Likely that, after the Ukrainian government to build houses with low-cost apartments, housing for ordinary people will not be accessible. So think and realtors and bank employees.

Is it possible to build low-cost high-rise buildings, the authorities may decide as early as 2008. The program "Affordable housing" has already started - but it's still just an experiment, it also participates in and Kharkiv region. For these purposes the state plans to allocate in 2008, 500 million hryvnia (in the following years, plans to allocate not less than 0,5% of GDP).

However, many real estate analysts think that this program will suffer the same fate as the "loans for young people."

There is a program loans for young people, well thought out and worked out the mechanism for its implementation. But the country was unable to pull even such a kind inexpensive option. And now come up with a new program. But it is no secret that a large number of youth didst trust that the government will help them to partially pay off the interest of banks, and remained with their mortgage without any assistance from the country. There may happen something similar.

Reduce the cost of apartments Ukrainian leadership is planning at the expense of free allocation of land for building local governance. A network of engineering thinking to build on the resources of those organizations that are subsequently engaged in their service.

In Ukraine today two design project "Affordable housing" - prime minister and president, and both still do not have the documentary form. Even the Ordinance Yushchenko to begin construction of affordable housing still has a declarative character. In reality, the project yet, and in the budget is also not available. Of course, the idea of affordable housing is true, only now realize it is too difficult. Would be unfair if this program will benefit people who have no difficulty with finances. At present it is not clear on what parameters will clarify the level of citizens' incomes. If the account will be taken only official income, a large number of Ukrainians who are paid in envelopes, and will want to buy cheap apartments. Therefore it is necessary to continue to improve existing programs, for example, with the Fund loans for young people. After all, in fact, the Fund may engage in lending to all categories of citizens who define leadership.

Realtors in the near future, predict a rise in housing prices, and it has nothing to do with the program "Affordable Housing".

Erection of buildings with low-cost apartments will not have a significant impact on the real estate market, since many believe the real market participants. There is also a lot of questions on the program. Authorities say that the price per square meter will be fixed for 2009 - 3500 hryvnia (today even meter "secondary" housing in Kharkov is over 5 thousand hryvnia). Although today is not yet known, for example, what would be the price in 2009 for electricity and gas. On top of the Affordable Housing will be limited to square meters, is to be in remote areas, and sometimes even in the suburbs. And so far it does not much demand.

As to the second version of "Affordable Housing" from the prime minister. All bank employees in one voice insist that loans of 4-8% per year - mystic - no bank would agree to work at a loss. A rate of interest can not be less than the inflation rate in the country. Because if it were possible, such that only under the condition that the state will compensate for 6-8% of the state budget.

For the record

In 2008, the program "Affordable Housing" will begin its implementation in 8-10 regions. 30% of the money will provide the state budget, yet the third part (allocation of free land and supply of communications) falls on the shoulders of local budgets, and the remaining portion of the amount will cover their mortgage loans for the people of the State Bank for a term of up to 25 years (prime minister makes promises everywhere that would only be 4-8% per year). The plans of the President of Ukraine to allocate each year not less than 0,5% of GDP for the construction of such affordable housing. This amount, according to Yushchenko, who is able to solve the problem of 70,000 families for one year. Another reference, in line for an apartment today, there are 1.3 million residents of Ukraine.