 Housing program involving 28 sites of the Group covering various regions of the Russian Federation has been carried out since 2004.
The objective is to retain young employees, skilled employees and those having rare jobs.
The program is implemented through a number of schemes:
- construction of new buildings;
- renting out;
- housing acquisition in the secondary market and selling it to an employee in the course of installment plan;
- interest-free loans provision;
- partial subsidies of the interest rate of real estate loan.
The company erected 17 new residential buildings, refurbished a hostel and constructed 177 apartments within the program of shared construction. All in all 1312 flats were built. Besides, UMMC constructed 37 cottages.
In 2008 UMMC invested 857 million rubles under the housing program, where housing construction accounts for 93%.
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