The Mortgage and Rental Housing project has become the only document for the development of the mortgage and housing construction market. Mortgage and rental housing Project passport mortgage and rental housing

What will prevent the implementation of a new state program to support mortgages and rent, experts on the housing market told the website.

The Ministry of Construction has announced a new project "Mortgage and rental housing". What has the next program prepared for ordinary buyers and tenants of apartments?

Will housing eventually become more affordable?

The goals of the national project "Mortgage and rental housing" are good - an increase in the volume of housing commissioning and the provision of housing for the population. The authorities are ready to take on the construction of roads and infrastructure, as it is planned to build housing in areas that have not yet been developed.

But we already have the program "Housing for the Russian family" before our eyes, which has decreased by less than 6% in three years. The main problem with this program was that there were no attempts on the ground to do something. And there is a feeling that in the case of this program, a similar situation may arise.

The fact is that 30% of the program should be financed from the local budget, but in conditions where many regions are in constant deficit, they may refuse to take part in this program.

One more thing: given the high level in the regions, the money from the state budget, which will be issued to the localities, can be partially directed, so to speak, not for primary purposes.

Most likely, the most wealthy regions will decide to take part in the program, and the most needy locations will remain in the same position.

If the first goal of the program is to increase the provision of housing, then the second goal is to increase the availability of mortgage loans for the population. At the same time, the program does not contain real mechanisms, there are no clear levers. The program says that the availability of loans should be increased through the formation of a mortgage-backed securities market and the attraction of world experience. Thus, no specifics are indicated that could serve as the basis for execution. In fact, a lot in this regard is connected with AHML and.

The third goal is the sale of rental housing. Such projects have been implemented so far only in Moscow, St. Petersburg and a couple of Russian cities. Only the project in St. Petersburg meets all the requirements of the Housing Code. And the rental rates in this project were actually below the market and made it possible to rent housing for those citizens who previously could not afford it. But at the same time, market rates are in Moscow.

The main innovation is just the decision to increase the availability of mortgage loans. Otherwise, the program is very similar to what the market has already seen.

the site also talked about the pros and cons of the new project with Maria Litinetskaya, managing partner of Metrium Group:

Will housing become more affordable? What are the main innovations of the national project?

The objectives of the strategy for the development of mortgage lending until 2020, approved in 2014, and the new national project "Mortgage and rental housing" actually have much in common. In particular, in both programs, the main goal is to promote the formation of a rental housing market, create conditions for the development of mass construction, increase the volume of commissioning of residential real estate, and create a comfortable urban environment. That is, the essence of the project remained the same. Implementation tools have changed. In the strategy for the development of mortgage lending, the authorities used mainly some local subprograms, which, in general, did not particularly correlate with each other and were implemented by separate unrelated blocks. Moreover, some programs turned out to be failures at all, for example, “Housing for a Russian Family”, which did not interest developers. Recall that the cost per square meter under the program "Housing for the Russian family" should not exceed 35 thousand rubles per square meter. meter. This is far below the cost in the Moscow region, which is why the idea of building affordable housing failed miserably.

The national project “Mortgage and rental housing” differs from the previous strategy in its integrated approach to various areas that affect the real estate market at the same time. First, it is development. The program involves the involvement of federal lands in residential construction, and most importantly, the provision of sites with engineering communications, the construction of which sometimes amounts to 30% of the cost of the project. Also, an innovation will be the allocation of federal budget funds in the amount of 20 billion rubles annually to subsidize the construction of infrastructure facilities.

Secondly, we are talking about the development of the mortgage lending market. Active introduction of document flow and equal access of banks to sources of long-term financing should reduce interest rates.

Thirdly, the development of the rental housing market. Individual investors will be attracted to implement the project through the mechanisms of mutual investment funds created by AHML.

Thus, according to the results of the program, the authorities plan to achieve the following indicators:

1. Involve 13.5 hectares of federal lands into circulation for residential construction.
2. Increase the total commissioning of housing in Russia by 2020 to 100 million square meters. meters.
3. Translate the mortgage lending market into an electronic format.
4. Implement pilot projects for rental housing.

- What will the next national project give and who will help?

The most important difference of the Mortgage and Rental Housing national project is that it will help not only buyers, but also developers, as well as banks. In particular, developers will be able to gain access to new lands and, most importantly, reduce costs due to the absence of the need to build utilities, as well as infrastructure entirely at their own expense. It is logical that this will allow to offer customers much more affordable prices.

The transition to online banking services will also reduce transaction costs for lenders, thereby reducing interest. We see this in the example of Sberbank, which, for example, issues mortgages in the residential complex "Quarters 21/19" at a rate reduced by 0.7%, subject to the electronic registration of the transaction. And, finally, attracting investors through mutual funds to buy or build projects for rental housing will accelerate the emergence of tenement houses.

- What are the disadvantages vydny already now?

In addition to the above benefits, the Mortgage and Rental Housing project involves many risks. In particular, we are talking about the planned increase in the volume of housing commissioning in Russia to a record 100 million square meters. meters in 2020 and 120 million sq. meters in 2025. It is logical that this will increase competition in the market and lead to stagnation and even falling prices.

And it turns out that not all developers will be in an equal situation. Some will continue the implementation of new buildings on sites without ready-made engineering and infrastructure subsidies. Others will build housing on federal lands and have preferences for communications.

It is logical that it will be much easier for the latter to reduce prices, while the rest of the players will be forced to keep the cost for the sake of at least a minimum margin. Therefore, it is necessary to prevent the emergence of a significant surplus of supply in the market by controlling the volume of commissioning by issuing building permits.

- What are the possible difficulties in implementation? They have been trying to make housing more affordable for more than a dozen years ...

In my opinion, the emergence of affordable mortgages will be hampered by bank spending on related services, maintenance of information systems and other resources necessary to ensure stable operation. Ultimately, banks include a premium for possible risks, as well as a rate of return, in the cost of a loan. As long as bank costs remain high, lenders cannot afford to cut interest rates substantially. And only the transition to the online work system will not solve all the problems. First of all, we need economic stability and lack of volatility so that lenders reduce the level of risks by offering even more interesting conditions.

Separately, it is worth mentioning the market for affordable rental housing. Objectively speaking, the investment funds were directed by AHML to far from the most affordable offers on the market, which initially ruled out the possibility of subsequently offering a competitive rental rate. In the Liner complex, the average cost per square meter is now 182,615 thousand rubles, and in the Match Point multifunctional complex - 247,658 rubles. This is business class accommodation. Accordingly, the rates turned out to be quite high: 38,900 for a studio with an area of 25 sq. meters and 59,500 rubles for a two-room apartment of 46 sq. meters. These are high rates for a mass tenant.

I believe that the state rental program makes sense only if it is aimed at citizens with medium and low incomes.

Therefore, the future of the lending program largely depends on how actively AHML will invest in new buildings in the mass segment. In the meantime, unfortunately, the apartment building market remains accessible to a small proportion of customers.

Disadvantages of the "Lease with a Buyout" Program Those wishing to buy an apartment under the "Rent with a Buyout" program will have to undergo a serious solvency test, the so-called "underwriting". And of course, here we will talk about credit history, and sources of income and discipline of the payer. Buying an apartment under this program will not be able to receive the tax deduction due to the mortgage. A lease with a purchase agreement is not registered with the state registration authorities - this should be borne in mind. This program is still “in limbo” - there is no normal legislative basis for it, as in the case of mortgage loans. In conclusion, we can say that the "Rent with a buyout" program has already shown its efficiency in the pilot regions - Moscow and Belgorod. Currently, the program is being prepared for expansion and, according to experts, it will seriously replace the classic mortgage.

rental housing

Important

The payment amount is fixed for the entire term of the contract and depends on inflation, rate changes, etc. The monthly payment includes paying the price of the apartment, which has already included its possible increase in price.

With an installment plan of 15 years, the rise in price is 30% (which means less than 2% per year), and this figure is significantly lower than inflation. You can choose any installment - from 5 to 15 years. The installment term is chosen by the buyer of the apartment.

Attention

The specific date is chosen by the buyer. In addition, the buyer chooses the amount of the down payment. Part of the amount, for which MZHRK buys, can be paid with your own money - this will reduce payments.

As an absolute plus of the program, one can note the fact that the apartment can be redeemed at any time ahead of schedule without any fines. In addition, partial early payment is possible.

Complex of urban planning policy and construction of the city of moscow

Info

The Housing Development Institute has implemented a new state program "Rental housing". The goal of the program is to improve the living conditions of citizens and increase the affordability of housing, thus the program provides new opportunities for tenants:

The official lease agreement represented by AHML JSC on the part of the Landlord ensures the protection of the rights of the Tenant
The nature of the program allows you to provide accommodation near the city center at affordable prices
A wide range of apartments with quality finishes and furniture

In the new residential complex "Liner", the Agency for Housing Mortgage Lending provided about 300 apartments for rent.

You can rent apartments ranging from 25 to 84 square meters, prices in this complex start at 38 thousand rubles a month. At competitive market rates, AHML offers a qualitatively new level of rental.

State program "rental housing"

Rental housing is cheaper than a mortgage As noted by the managing director of AHML, the authors of the project tried to create the widest possible "product line": apartments from 25 to 84 "squares" are available. All "rooms" are typical: they are rented with furniture and appliances. The price starts from 36k.
rubles per month. When moving in, tenants will have to pay the first month of living and a security deposit. This amount includes round the clock concierge and security.
"Kommunalka" will have to be paid separately, according to the meters, according to Moscow tariffs. For an additional fee, it will be possible to order cleaning of the “room”.

Pets and children are allowed to enter the apartments. The terms of the contract vary from two months to several years, but, as Balkarova admitted, they rely mainly on long-term contracts - a year or two.
For the rental period, you can issue a temporary registration. In general, the portfolio of AHML is now about 70 thousand rubles.

Ways to get social housing for rent in Moscow in 2018

For example, in the direction of development of the rental housing market, the commissioning of the first pilot rental housing project (01.10.2017), the completion of pilot projects and the adoption of a decision on the implementation of similar projects in million-plus cities (15.11.2020) are envisaged. The project passport also approved the budget for 2017-2020.
In total for the specified period it is planned to spend:

80,000 million rubles - the federal budget;
34,400 million rubles - the budget of the constituent entities of the Russian Federation;
15,819,400 million rubles - extra-budgetary sources (funds of AHML, banks, investors, population).

For each of the above sources of funding, the passport establishes a “breakdown” by year. The passport of the priority project does not provide for the use of local budget funds.

Renting an apartment with a buyout - the program "housing in installments"

The article tells how to get social housing in Moscow for rent in 2018, explains the intricacies of the legislation. Content

1 How to get social housing
2 How to get social housing
3 Social housing: how to get
4 Features of non-commercial lease
5 What a rented house looks like
6 Rental price
7 Summary

How to get social housing Not everyone can get a social housing. There are 2 requirements for citizens:

income below the subsistence level;
need for housing.

The rules on how to get an apartment under a contract are established by the Housing Code. To resolve the issue of how to officially rent social housing in Moscow in 2018, you need to follow the instructions.

Collect documents.
Submit an application to the landlord for the provision of housing.

State rental apartments

Thus, the specified joint-stock company involves federal, regional and local lands in the construction, carries out activities to attract investors (including through the issuance of mortgage-backed securities). As part of the construction of rental housing, AHML will act as the main investor and use a collective investment tool. AHML funds are indicated as one of the sources of extrabudgetary funding for the project under consideration. In the future, it is possible to adjust and update the tasks and activities of the JSC.

Thus, in essence, AHML acts as the executor of the entire project. The agency has been given a number of tasks and identified the tools by which the goal of the project should be achieved.

Residential space rental

Thus, a new attempt will be made to address the issue of affordability of housing for citizens in the Russian Federation. Question Advantages of rental housing under the project As part of the project, it is planned to build houses, apartments in which will be rented out. If the rental price will indeed be market, then what is the difference between such a lease and the usual lease that exists today in the real estate rental market? Answer The construction of such residential buildings will be carried out directly for rent, that is, citizens will have the opportunity to rent an apartment not in the secondary housing market, but completely new and built for such purposes. In this case, the competitive advantage of such a lease is obvious.

Mortgage and rental housing

Anna Dvurechenskaya, head of the AHML commercial service, spoke about the advantages of such rental housing for NSN. “This is a formal lease that protects the rights of both parties. Such housing is provided in modern complexes with high-quality finishes, furniture and appliances. This is an organized comfortable environment where everything is thought out to the smallest detail. This format of rental housing is in high demand among the young and mobile population,” the expert said. I will add that the lease agreement will be concluded for a period of 6 months. This is the first project of AHML official rental housing; in 2019, it will be possible to rent housing in the Match Point multifunctional complex near Kutuzovsky Prospekt. The launch of other projects is next in line. Today, you can already leave a request for a reservation, and the service will start functioning in full mode from the second half of March.

Who can use the service of renting an apartment from the state?

Based on the above budget, the bulk of funds will be accumulated from non-budgetary sources, that is, at the expense of AHML, the population, investors and banks. The project passport is designed for implementation from 11/01/2016 to 12/31/2020, however, in terms of achieving project indicators, a forecast for 2025 is set, which may mean a possible extension of the program for a longer period (possibly, with successful implementation until 2020).

Participation of AHML in the project According to the data of the passport of the priority project “Mortgage and Rental Housing”, the customer is the Ministry of Construction, Housing and Communal Services of the Russian Federation. The head is the General Director of AHML. It is through AHML that the project objectives are planned to be implemented.

Rental housing program in moscow

The parties may provide for other conditions in the agreement.

When citizens are evicted from an apartment, they do not receive other housing in return.
The agreement automatically terminates if the tenant dies or moves to another city.

Programs and projects aimed at improving the living conditions of Russians will remain the focus of the government in the foreseeable future. Until December 31, 2020, the priority project "Mortgage and rental housing" is in effect. It is coordinated and approved at all levels of executive power. The project is managed by the General Director of DOM.RF JSC Alexander Plutnik, and DOM.RF, as the Unified Institute for Development in the Housing Sector, is the main executor of key activities.

The project is to improve the living conditions of Russians and ensure that there is effective demand for residential real estate. Depending on the preferences of citizens - ownership or rent - the goals of the project are differentiated. For those wishing to purchase their own housing, the project promises at least one million mortgage loans in 2018. To meet the needs of almost 6 million potential tenants this year, the project provides for at least 15 billion rubles for the construction of housing for commercial lease.

The formation of a liquid market for mortgage-backed securities, according to the project, will ensure the availability of mortgages and reduce financial risks for citizens. Mortgage securities guaranteed by JSC DOM.RF will become the basis for long-term and low-cost financing of mortgage loans. As a result, citizens will receive lower interest rates and a reliable financial instrument for saving and investing their savings.

This process is called securitization. For its development, the project provides for the transfer of mortgages to an electronic format. By the end of 2018, the entire cycle of servicing the borrower from issuing a loan to registering real estate will be available online. The introduction of electronic document management will also reduce the cost of issuing and refinancing mortgages, which again leads to lower interest rates.

For those who do not plan to buy real estate, the project provides for new opportunities for civilized rent. Mutual investment funds will finance the construction of rental housing, including apartments. At the time of completion of the project, it is planned to raise up to 65 billion rubles in such mutual funds. In addition to being a practical solution for homeowners, they will become an investment tool for retail investors.

Providing citizens with high-quality, comfortable and affordable own or rental housing will require a new approach to development. The state is ready to help developers by involving inefficiently used federal, regional and municipal lands in housing construction. The creation of the necessary infrastructure at the expense of the state and specifically DOM.RF on the involved land plots reduces the financial burden on developers and guarantees low housing prices for buyers.

The expected results of the Mortgage and Rental Housing project were announced by the Russian President. Interest rates on loans will drop to 7-8% from the current 9.75%. Up to 2 million mortgage loans will be issued annually against today's 1.2 million. Mortgages will become available to every second Russian family - today 40% of Russians can afford a mortgage loan.

The strategy for the development of mortgage lending until 2020, approved in November 2014, was recognized as irrelevant. The corresponding Decree was signed by the Chairman of the Government of the Russian Federation Dmitry Anatolyevich Medvedev on June 26, 2017.

Earlier, on October 19, 2016, the Presidium of the Council under the President of the Russian Federation for Strategic Development and Priority Projects approved the passport of the priority project Mortgage and Rental Housing. The Ministry of Construction, Housing and Communal Services of the Russian Federation and AHML are responsible for its implementation. Within the framework of this project, new tasks are formulated for the sector of mortgage lending and housing construction, taking into account the current realities of the economy and the social sphere, international experience and practice in the development of the housing sector.

The strategy included separate measures to develop the mortgage lending market. The priority project "Mortgage and rental housing" provides for an integrated approach, including the formation of a civilized rental market, providing developers with land plots, developing the housing construction and mortgage lending market. The goal of the Mortgage and Rental Housing priority project is to improve the living conditions of Russian citizens, ensure high rates of housing commissioning (commissioning of 100 million square meters in 2020), stimulate demand (issuance of 1.2 million mortgage loans in 2020), and implement pilot projects of rental housing and apartments.

The priority project provides for the involvement in housing construction of more than 13.5 thousand hectares of federal land in cities with a population of more than 250 thousand people. Pilot projects will also be implemented to create rental housing and apartments in the largest cities of Russia using collective investment mechanisms. The priority project provides for a total investment of RUB 65 billion for the period up to 2020.

Support for mortgage lending will be focused on the development of securitization and refinancing instruments using mortgage-backed securities guaranteed by AHML - it is planned that by 2020 at least 40% of the total mortgage loans will be issued using this instrument. The mortgage market will be transferred to an electronic format: from the issuance of a loan to the registration of real estate. This will attract new market participants, further increase the volume of lending and reduce the cost of issuing and servicing loans and the level of interest rates for mortgage borrowers.

By Decree of the Government of the Russian Federation No. 746 dated June 26, 2017, the directions for using the credit line provided by the state corporation Vnesheconombank in the amount of 14 billion rubles were also brought into line with the current tasks of the priority project. They will be used to implement programs for the development of the rental housing market, including using the mechanism of closed-end investment funds, as well as mortgage lending and the mortgage securities market.

This is primarily due to the fact that the target group of the population - potential tenants - are citizens who are unable to pay mortgage payments, and are also not ready to overpay for rent above the market price. Under such conditions, the main issue is in the plane of the ability of the state, a particular region or municipality to support investors in the construction of tenement houses. Consolidated plan (passport) of the priority project "Mortgage and rental housing" The project plan indicates its main directions:

development of housing construction;
development of the mortgage market;
development of the rental housing market.

Each of them has stages, milestones, implementation deadlines.

State program mortgage and rental housing

Ministry of Construction and Housing and Communal Services of the Russian Federation" Watch Download (11.44 MB) Order of the Ministry of Construction of Russia dated December 5, 2016 No. 897/pr "On the Determination of the Responsible Deputy Minister of Construction and Housing and Communal Services of the Russian Federation for the organization of project activities in the direction of the strategic development of the Russian Federation "Mortgage and rental housing" Watch Download (65.94 KB) Distribution of subsidies to the budgets of the constituent entities of the Russian Federation for 2017 for the activities of the subprogram "Stimulation of programs for the development of housing construction of the constituent entities of the Russian Federation" of the federal target program "Housing" for 2015-2020 (Interbudget transfers) View Download (18 KB) Consolidated plan of the priority project "Mortgage and rental housing" Watch Download (73.28 KB) Order of the Ministry of Construction of Russia dated February 8, 2017

Assistance to a young family from the state 2018 in the acquisition of housing

The creation of the same fund of rental housing, which has been talked about for 20 years, began with the capital - "a city in which there is always demand." AHML started to implement several projects at once. The starting points were Liner on Khodynskoye Pole and MatchPoint near Kutuzovsky Prospekt, which were included in the closed-end mutual investment fund Kutuzovsky.

"Liner" promise to populate by the summer. Two days ago, the booking of "units" - apartments in a specialized rental fund was opened. According to Balkarova, AHML received a flurry of calls from those interested. Which part of the appeals will be crowned with a lease agreement will be clear by the summer.
A complex of urban planning policy and the construction of the city of Moscow And so that the investor does not sell off the rental fund piece by piece, it is necessary to prescribe the concept of rental housing in the Housing Code and fix a corresponding ban there, a representative of the association believes.

Priority project "mortgage and rental housing"

It is predicted that in 2018 investments in the amount of 15 billion rubles will be attracted to create rental housing. The goal is to be achieved in the following ways:

ensuring the highest possible rates of construction, including by involving in the construction of inefficiently used lands (federal, regional, municipal), as well as by financing construction within the framework of projects for the integrated development of territories;
increasing the availability of mortgage lending for citizens, reducing financial risks, introducing electronic mortgages;
implementation of pilot projects for the construction of special rental housing, including with the help of collective investments.

The project was designed to eliminate the existing problem with housing for ordinary citizens of the country. The previous program "Housing for the Russian family" did not cope with this problem.

Mortgage and rental housing program

The introduction of electronic document management will also reduce the cost of issuing and refinancing mortgages, which again leads to lower interest rates. For those who do not plan to buy real estate, the project provides for new opportunities for civilized rent. Mutual investment funds will finance the construction of rental housing, including apartments.

Important

At the time of completion of the project, it is planned to raise up to 65 billion rubles in such mutual funds. In addition to being a practical solution for homeowners, they will become an investment tool for retail investors. Providing citizens with high-quality, comfortable and affordable own or rental housing will require a new approach to development.

The state is ready to help developers by involving inefficiently used federal, regional and municipal lands in housing construction.

Affordable Housing Program in 2018

Attention

The state continues programs to subsidize mortgages in 2018, so it will be useful for those wishing to take a soft loan to find out the conditions and opportunities for each of the housing projects. Effective replacement Since 2018, the state program "Providing affordable and comfortable housing and utilities" has been launched. Its implementation is planned from 2018 to 2025. Previously operating program “Housing”, launched in 2015.

and calculated until 2020, was curtailed due to insufficient efficiency. Its key provisions, including subsidizing mortgages in 2018, are included in the new state program. The key objectives of the updated state program are:

increase in the volume of commissioning of finished housing;
reduction in prices for residential real estate (the price of an apartment with an area of 54 "square" and the average income for 12 months is taken as a guideline).

Family mortgage and its conditions in 2018

Upon request, program participants can:

buy a property;
start building a home
make a mortgage payment;
repay a housing loan if it was issued before 2011.

If we talk about what state support is specifically expressed in, it has the form of a subsidy provided to a young family in the form of a sum of money calculated in accordance with a fixed percentage. It can be used to cover part of the cost of the procedure to improve living conditions. In this case, the applicants will need to pay the remaining amount from their own budget.

In some cases, families are additionally offered a reduced interest rate when applying for a housing loan. The project plan was developed at the federal level. However, regional authorities have the right to make adjustments to the conditions of the program and the list of requirements for its participants.

Mortgage and rental housing

For example, increase the amount of subsidies. It all depends on the fullness of the local budget from which the money is allocated. Accordingly, the exact provisions of the project must be found out in the local administration of a particular settlement. It is recommended to apply as early as possible. The popularity of the program has led to a substantial waiting list for grants.
Accordingly, the more actively you begin to act, the faster it will be possible to purchase housing on favorable terms. Terms of the project The main feature of the state project for the purchase of housing by a young family is the size of the subsidy. The value depends on the number of children, if any. The amount of the grant can be:

Family without children.

Legislative base of the Russian Federation

The borrower must not only have children, but also meet the following requirements:

age - 21-65 years (as of the scheduled date of the last installment);
experience - from 6 months. for employees or at least an annual business without losses for the individual entrepreneur.

Real estate requirements:

any stage of construction;
equity participation agreement (FZ-214);
accreditation of the object in AHML.

Documents required:

passport (may require a second identity document - SNILS, rights, military man, passport, etc.);
children's birth certificates;
work book / work contract;
certificate of income 2NDFL (for individual entrepreneurs - registration certificate and declaration for the last year).

Experts are sure that the payment for the first child, introduced since the beginning of 2018, will make mortgage housing more affordable for low-income families.

Putin's mortgage by decree of 2018 - who is given at 6% and what are the conditions

The project passport also approved the budget for 2017-2020. In total for the specified period it is planned to spend:

80,000 million rubles - the federal budget;
34,400 million rubles - the budget of the constituent entities of the Russian Federation;
15,819,400 million rubles - extra-budgetary sources (funds of AHML, banks, investors, population).

For each of the above sources of funding, the passport establishes a “breakdown” by year. The passport of the priority project does not provide for the use of local budget funds. Important Anna Dvurechenskaya, head of the AHML commercial service, spoke about the advantages of such rental housing to NSN. “This is a formal lease that protects the rights of both parties. Such housing is provided in modern complexes with high-quality finishes, furniture and appliances. This is an organized comfortable environment where everything is thought out to the smallest detail.

Thus, the specified joint-stock company involves federal, regional and local lands in the construction, carries out activities to attract investors (including through the issuance of mortgage-backed securities). As part of the construction of rental housing, AHML will act as the main investor and use a collective investment tool. AHML funds are indicated as one of the sources of extrabudgetary funding for the project under consideration.
In the future, it is possible to adjust and update the tasks and activities of the JSC. Thus, in essence, AHML acts as the executor of the entire project. The agency has been given a number of tasks and identified the tools by which the goal of the project should be achieved.

Legal help!

Moscow and region

St. Petersburg and region

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