New forms of support for equity holders and developers: what has changed?

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Vladimir Putin outlined the priority tasks for supporting equity holders and representatives of the construction industry. The head of state proposed to support the demand for new buildings by subsidizing mortgage rates. So it is assumed that the rate on housing loans will be 6.5% for the purchase of comfort-class housing worth up to 3 million rubles. in the regions and up to 8 million rubles. - in Moscow and St. Petersburg.

“The preferential issuance regime will operate until November 1, 2020,” the president said. It is planned to allocate 6 billion rubles for these purposes. this year. In addition, about 30 billion rubles will be spent on solving the problems of equity holders through a special Fund.

The same package of state guarantees is supposed to be directed to solving problems in the construction sector, which is currently suffering losses. It is proposed to subsidize interest on loans for developers who have retained their employees' employment. The money will be allocated at the rate of 12,100 rubles for each employee, provided that the company retained 90% of jobs by April 1. In total, it is planned to allocate 12 billion rubles to support the construction industry, Putin stressed.

Such measures will help to avoid the occurrence of long-term construction and non-fulfillment of obligations to equity holders. In addition, until January 1, 2021, developers will not be fined for disruptions to construction deadlines and will not apply sanctions for stopping the registration of equity participation agreements.

Source: RBC Real Estate

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