Such a measure could become part of an economic recovery program. Let us remind you that according to the amendments to the housing code, developers do not have the right to directly raise funds from equity holders. Funds are frozen in special accounts until the first apartment is registered with justice. And the construction itself is carried out at the expense of the developer's own funds or credit funds.
“As for [support measures] for developers, this is the introduction of certain parameters for the construction of apartment buildings, for construction companies to start operating without escrow accounts or to stage-by-stage disclosure of such accounts, ”said Fedotov.
Today, the construction industry and organizations involved in construction are on the list of particularly affected sectors of the economy. This means that they will receive additional relief in repayment of already taken loan obligations and tax payments.
The head of AIRR also proposed to provide developers with credit or tax holidays. “This is about subsidies, not direct financing of companies,” he explained.
Recall that on April 28, Russian President Vladimir Putin instructed the Russian government to prepare a new package urgent support measures, and start developing a nationwide economic recovery plan after the epidemic.
Source: TASS
