Risks of not completing the construction of homes participating in the program «Affordable housing»-low

07.01.2011 15:45

Risks of non-completion of building houses with the stage of readiness to 70% of participating in the program "Affordable housing" is minimal.

In an interview with the IAP "Capital estate" said Leonid Risuhin, Chairman of the State Fund for Youth Housing Assistance.

"Firstly, the selection of contractors is very hard, and secondly, the objects that participate in the program must be insured," - says LA Risuhin.

The official also noted that the mechanism for transferring money to complete construction of the object is as follows: "Fund the proxy buyer transfers the money of the investor and government support for the developer, at a rate proportional to the actual construction readiness of the object, and further installments upon completion of construction."

"If the stage of construction is 75% - then we'll credit 75% of the amount of focusing on the accounts where the monthly developer has built a 5% increase - then another 5%", - said A. Risuhin.
Metropolitan Real Estate

Content tags: Housing

Did you like the material?

Subscribe to our newsletter

Your comments:

Your opinion will be the first. Thank you for reading this article. I wish you happiness! Please share your opinion in the comment below.