The Cabinet of Ministers will be able to consider a state housing program "Rent with option to buy" after the May holidays, deputy chairman of the State Mortgage Institution (SMI) Yuriy Zots said during the roundtable, ForUm correspondent reports.

The official said that this government program is currently being approved by the relevant Ministries. The SMI hopes that all issues will be agreed in May, and the document will be sent to the Cabinet.

Zots reported that the SMI has about 1.5 billion UAH to invest in the program. In addition, it is possible that it will receive additional two billions from the state budget. 

As for the program "Rent with option to buy," Zots noted that "it has its tactical advantages in terms of the market. There is no large first payment, and this housing is finished, put into operation and suitable for living."

In addition, this program is profitable for ordinary citizens, because it does not provide a large deposit. And a customer can always change his mind, move out from the rented apartment and receive compensation.

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