The Ministry of Regional Development can close the program of social housing
The government supported the suspension of signing new contracts for partial compensation of interest rates on commercial bank loans to young people for construction and purchase of housing.
This is stated in the message of the press service of the Ministry.
"Due to the detected inefficiency, the program of partial compensation of interest rates on commercial bank loans to to young people, the Ministry of Regional Development has drafted a resolution on the procedure for partial compensation of interest rates on commercial bank loans to young families and single young citizens for construction (reconstruction) and purchase of housing," - the statement reads.
As noted, this document envisages suspension of signing new contracts, because, in the absence of appropriate funding, no contract for partial compensation of interest rates on loans has been concluded since 2009.
In addition, following the audit of the State specialized financial institution "State Fund for Youth Housing" conducted by the Accounting Chamber, it was suggested to take measures to address issues relating to the continuation or suspension of the said program.