The state budget-2013 will allocate three times more money than in 2012 to finance the youth long-term concessional lending, chairman of the State Fund for Youth Housing Leonid Rysuhin told a press conference, ForUm correspondent reports.

According to the official, in the coming year, the absolute number of funding should amount to 80 million UAH. "In addition, a nominal capital of our Fond should be increased by 40 million UAH that is by 25% more than in 2012," the expert said.

He added that the government intends to allocate 300 million UAH to implement the program on reduction of the costs of mortgage loans and 50 million UAH for the affordable housing program, and this figure can be increased, Rysuhin stressed.

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