OREANDA-NEWS. March 09, 2012. The State Mortgage Institution resumed mortgage lending population by providing the partner bank financial resources on favorable terms to stimulate demand in the primary housing market from 1 July 2011. This program is implemented through close cooperation with the Ukrainian government and commercial banks. Currently, there are 106 such institutions.

This was started Chairman of the State Mortgage Institution Victor Mirgorod at a briefing at the Government House. He noted that today thanks to this program it has been issued 390 loans at the amount over 100 million UAH.

The total volume of financial resources which were directed at mortgage lending in 2011 amounted to 320 million UAH. "We feel that the interest and demand for credit from population has increased in two times. This year our work, of course, depends on the support of the Government. I want to mention that we always feel this support. And under the guarantees provided in the State Budget 2012, we are ready to enter the market and attract financial resources in volumes exceeding 1 billion UAH" - Victor Myrgorodskyi said.

He also explained that these funds the State Mortgage Institution plans to split evenly: 50% direct on funding unfinished objects, which will further put into operation about half a million square meters of housing. And the second half of money to direct to grant available mortgage loans. "With the support of the Government the State Mortgage Institution creates favorable conditions for housing construction and creates conditions for providing population with affordable housing."