I am in the housing queue. I wonder, how does the governmental office will give flats? As rental housing? Could you explain the main point of the rental housing program? Should I need to pay initial installment for a flat?

I am in the housing queue. I wonder, how does the governmental office will give flats? As rental housing? Could you explain the main point of the rental housing program? Should I need to pay initial installment for a flat?

Answer: Housing will be given according to the program called “Affordable housing – implemented through the house construction save system”

Housing, built by local executive authorities (akimat) will be redeemed by house construction save depositors due to bank loan (housing, interim, advance) and accumulated savings.

In case of the client’s insufficient responsibility for house-purchase, but the sufficient responsibility for accumulating savings and lease payments, the constructed housing will be given to him/her for a long lease (maximum period of loan – 8 years). At this period the leaseholder will accumulate the house construction savings for receiving housing loan later to redeem this house at a low rate.