Putin signed a decree on measures to support the construction industry

First of all, the document reflects the parameters of providing preferential mortgages in new buildings at 6.5%. The borrower needs to prepare a package of documents and contact one of the financial organizations, which will provide the loan. Loans are provided until November 1 for the purchase of housing in new buildings in the amount of up to 3 million rubles, and in Moscow, St. Petersburg, Moscow and Leningrad regions - up to 8 million rubles. The rate is 6.5 percent per annum for the entire term of the loan.

The Fund for the Protection of the Rights of Citizens - Participants in Shared Construction will be capitalized in the amount of 30 billion rubles. The funds will be used to restore the rights of equity holders. "DOM.RF" will receive a state guarantee of 50 billion rubles to ensure the attraction of borrowed funds and the purchase of standard housing from developers with a view to its subsequent sale.

In addition, as part of a package of measures, Vladimir Putin ordered to increase the maximum amount for capital construction to 50 percent. It concerns the already signed contracts. Construction should be carried out taking into account the recommendations to reduce the risks of the spread of COVID-2019, including rapid testing. In addition, government customers will have the opportunity not to apply a number of penalties if failure to comply construction contracts due to restrictions related to counter-proliferation measures coronavirus.

At large construction sites, daily monitoring of the health of employees will be carried out. Each worker must be provided with a mask and gloves.

Source: Russian newspaper

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