Developers that preserve workplaces will get support from banks

17.04.2020

During the meeting on development of construction field, President of Russia Vladimir Putin defined new measures on construction support. Among them there is launch of concessional mortgage, allocation of 30 bln rubles for finishing construction of houses for defrauded homebuyers, crediting of construction field on 12 bln of rubles, interest rate subsidies for developers.

The President noted that only those companies that preserve workplaces will get subsidies. “Secondly, I instruct the Government to prepare the complex of measures that will increase availability of credits for construction companies… In this case I offer to subsidize interest rate, but I highlight that we will provide such help only to those companies that will preserve workplaces”, – Vladimir Putin said.

The Head of the country added that another condition for getting financial support is full implementation of obligations on completion of housing construction projects. “Getting support with credits, which I have just told about, companies should undertake to complete construction of houses planned to be commissioned this and next years. We need to avoid emergence of uncompleted construction projects. People need to be sure that their apartments will be built qualitatively and in time”, – Vladimir Putin noted.

Source: Website of the President of Russia

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