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

07.01.2011 15:45
Articles about real estate | Risks of not completing the construction of homes participating in the program «Affordable housing»-low 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.

Related article: Apartments: a controversial alternative to apartment

"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.
 
 
Sign