To purchase from developers unsold housing can be directed not RUB 50 billion, as stated by the authorities a week ago, and 150 billion rubles of the Additional amount of operator purchases — “House.Of the Russian Federation” — will attract for its own account. For this project it is planned to create a special closed mutual real estate Fund, and the minimum transaction amount with each developer will be 100 million rubles.”House.Of the Russian Federation” as a single development institution in the sphere of housing construction, creates a closed unit investment Fund of real estate (zpifn) total size of 150 billion rubles. These funds will be spent on the repurchase program from developers unsold housing, told “Kommersant” in “House.Of the Russian Federation”. Of the measure the support of market participants on 16 April President Vladimir Putin. Then sounded in the amount of 50 billion rubles, which the authorities as guarantees needs to send “Home.Of the Russian Federation” as the operator of the purchase of apartments. These funds the company must receive by may 1. Another 100 billion rubles Institute of development will attract at the expense of own means.According to the Director of “the House.Russia” Vitaly Mutko, the relevant draft resolution has already been sent to the Ministry of Finance and Ministry of construction. “Support measures will be of Federal level, they will affect construction companies throughout the country that are experiencing difficulties, says Mr Mutko.— First of all, the purchase of apartments from developers in the current environment will provide additional support for those market players who are unable to provide the planned pace of implementation due to the current economic situation, when demand may decrease due to pandemic coronavirus”. As previously reported by “Kommersant”, the apartment, purchased “House.RF”, can be transmitted through social hiring for the long term participants of various social programs of the Federal and regional levels. The company argued that the acquisition “will allow us to raise funds for non-profit rent, to provide housing waiting list, while Unallocated housing may subsequently sell on the open market to compensate for budget costs”. The formation of a pool of non-profit rental housing will allow to 2024 to provide new apartments more than 980 thousand families, and developers will be able to enter more than 58 million square meters of housing, according to the presentation “Building.Of the Russian Federation”. It also indicates that if all state programs related to the improvement of housing conditions of certain categories of citizens will be focused on the redemption of housing under construction, the participants of the developer market in a crisis, there is an additional demand of more than 100 billion rubles At the current situation, according to preliminary expert estimates, the volume of unsold housing across the country will be in 2020 10.6 million sq m in 2021-m — 13.6 m sq m in 2022 — about 5.7 million sq. m. Khalil Aminov
