Unfinished bankrupt companies will give HBC or AJOAH





02.03.2012 09:15
Articles about real estate | Unfinished bankrupt companies will give HBC or AJOAH Unfinished homes whose owners declared bankrupt, may be transferred to the housing and construction cooperatives or associations of condominiums - investors who invested their money in the construction of these houses, the press service of the Ministry of Regional Development, Construction and Housing. "We propose that the State could provide financial support for housing construction cooperatives and AJOAH the completion of construction", - said Anatoly Bliznyuk, head of the Ministry of Regional Development with reference to the bill developed by him.

In addition, the bill provides for the possibility of redemption from developers or financial institutions, when they can not continue construction, unsold housing construction projects that were built with funds of natural persons, as well as the possibility of local executive authorities to receive and act on the customer's building unfinished objects.

"We need to encourage developers to timely completion of construction by introducing the collection with a progressive rate of taxation", - said the Minister.

Interfax-Ukraine
Content tags: Legislation Housing Apartment
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