MP Danylo Getmantsev announced mortgages at 3% and a million loans for Ukrainians
According to the MP, the proposed loan programme will differ fundamentally from "eOselya". First and foremost, this concerns the number of people who will be able to take advantage of it.
"Housing loans will be at 3% per annum for 25 years. In the event of accelerating inflation, the risks will be borne by the state. This programme will differ from YeOselya in scale. Since its launch, YeOselya has issued just over 23,700 loans, and I want to reach the million mark with the new programme," said the parliamentarian.
In his opinion, the project will be financed through external funding and the OVDP reserve: "The stock market, external financing, pension funds and bank lending. We have already received proposals from state bodies. The National Securities and Stock Market Commission sees reserves of UAH 250-280 billion, and the National Bank reports that the banking system has liquidity of more than UAH 500 billion. This money cannot be used in full for the housing construction programme, but a significant part of it can be counted on. There are also relevant World Bank programmes that the Ministry of Finance and the Ministry of Economy are working on. And, of course, there is still the reserve of government bonds.
At the same time, the deputy speaks of the need for a profound restructuring of the pension system.
"The solidarity-based pension calculation system needs to be changed so that people do not lose up to 20% of their earnings when they retire. The second area is pension indexation. Again, the basis for indexation is the ratio of inflation to average wages. We also need to launch cumulative pension funds, which we are currently working on. The third area of change is to abolish clan pensions," explains Danylo Getmantsev.
As previously reported by ThePublic, Ukraine is preparing to launch one of the largest state affordable housing programmes. The programme is primarily aimed at military personnel, medical professionals, teachers, internally displaced persons and people who have lost their homes as a result of hostilities. The financial model provides for clear limits on monthly payments. It should not exceed approximately a quarter of the total household income. Also, the amount of payments should be commensurate with the average cost of renting housing in the relevant region with a moderate margin above. To this end, the maximum loan term is planned to be set at twenty-five years or more.
