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Every young family deserves to have their own dwelling, Budcapitals Ltd. Director General and Board Chairman of the Dostupne Zhytlo (Affordable Housing) Non-Governmental Organization Yevhen Pinchuk said while accepting an award of the Ukrainian League of Industrialists and Entrepreneurs (ULIE) to mark Entrepreneur Day in Ukraine.
Budcapitals Ltd. has built a block of flats for servicemen and their families in the village of Mykhailivka-Rubezhivka near Kyiv – 96 apartments are ready and waiting for their owners. It must be noted that construction had been at a standstill for six years until Budcapitals took it up, having won a tender of Ukraine's Defense Ministry.
"We are ready to continue our cooperation with the Defense Ministry of Ukraine and are extremely proud of our contribution to the social protection of servicemen's families. We hope that these dwellings will become a cozy and comfortable home for people who devoted their lives to the defense of the integrity and independence of Ukraine. By the way, the price of these flats is much lower than those other firms propose to servicemen," Pinchuk said.
The construction of the Mykhailivsky residential estate will be the next step to supporting social and mortgage housing.
Unfortunately, the construction of social housing in Kyiv is a serious problem. Young people cannot afford to buy a flat even if they have been working for 20 years to pay for it. The priority task of Budcapitals Ltd. and the Dostupne Zhytlo organization is to lower the price of housing without losing out in quality. For this reason, new housing is to be constructed outside the capital city, but no farther than 15 km from its outskirts. It is planned that not only apartments, but separate small residential estates with necessary infrastructure, including shops, bank departments, kindergartens, etc., will be built here.
Pinchuk is working on an educational program for young people. He thinks that the younger generation has to learn how to accumulate money first of all for the construction of housing. "According to our program, the first payment for the construction of a two-bedroom apartment will be just UAH 66,000. It is possible to raise such amount of money. After that it will be absolutely realistic for a young family having with a wage of UAH 5,000-6,000 per month to pay mortgage for such apartment. Thus, if they manage their funds properly and invest money in housing, a young family will get it in a few years," Pinchuk said.
In his view, young people should have knowledge how to do this. Sometimes people don't know how to manage their funds properly. For this reason, the project initiators are planning to teach high school and university students a course titled "How to Build Your Life Economy Properly."
"Entrepreneurs' initiative to make housing for young people cheaper requires overall support and promotion. We at the ULIE worked once on a large-scale project for the construction of suburb houses, and we're happy that active young entrepreneurs and public activists – Yevhen Pinchuk is also a leader of the Kyiv Municipal Association of Industries, Construction, Transport and Communications – are taking care of this project. For the implementation of this project, we should attract financial institutions which could lend money to young people as well as gain support of government agencies. In general, we can make sure once again that domestic businesses are socially aware and responsible," ULIE First Vice-President Serhiy Prokhorov said.