OREANDA-NEWS. November 18, 2011. The State Mortgage Institution has financed the completion of 20 unfinished housing constructions in Kyiv, Donetsk, Ivano-Frankivsk, Kharkiv and Lviv regions, cities - Kyiv and Sevastopol in 2011 year. The funding has totaled over 500 million. The Chairman of the Management Committee of the State Mortgage Institution Victor Mirgorods’kyi said this.

As of 15.11.2011 more than 90 thousand square meters of housing that is more than 1,400 apartments was placed into operation with the support of the State Mortgage Institution.

Victor Mirgorods’kyi noted that funding the completion of unfinished housing construction will allow this year to put into operation 150 thousand square meters of housing, and in 2012 - still about the same. Total area in housing financed facilities is over 330 thousand square meters.

He recalled that as a result of the financial crisis there are over 4 thousand unfinished housing worth over 55 billion UAH in Ukraine.

In general under the program of the State Mortgage Institution with funding the completion of unfinished housing construction for the years 2011-2012 is planned to commission over 500 thousand square meters of housing.