In Moscow I.E. Faizullin participates in the discussion of economy class housing construction issues

Today, Minister of Construction, Architecture and Housing of the Republic of Tatarstan          I.E. Faizullin is on his working trip in Moscow where he took part in a meeting organized by the Federal Agency for Construction and Housing.  The meeting considered the issues of the implementation of pilot projects for the economy class housing construction. The meeting was chaired by Head of the Agency V.I. Kogan.

I.E. Faizullin noted that, first of all, it was essential to improve the mechanisms of the state support when speaking about the economy class housing construction. There must be two main directions which were the basis for the national project implementation scheme:  to promote housing market supply (to support construction companies and comprehensive projects of land development), and to increase the demand (measures to increase the availability of housing for wider population).

As for the support of the construction industry, Tatarstan offered to consider the following issues: promoting mortgage lending by establishing standards for banks, for mortgage lending according to the standards of “AIZhK” OJSC with a minimum rate of return as well as the recovery of the expenses to pay interests on mortgage loans for young families and other groups of citizens being in need of social protection by means of the federal budget; reducing costs for developers to a level that is applied to individual builders when connecting to utility services; the development of the federal law and  the amendments thereto to allow municipalities and the Fund for Housing Development to provide developers with  land plots for the construction of social housing at the lowest price on a competitive basis without auctions; introduction of tax incentives for construction materials producing industries which apply the latest scientific and technical achievements as well as resource and energy efficient technologies.