The Russian Ministry of Construction has begun to create a federal program for the development of social rental housing. This was stated by the deputy head of the department Nikita Stasishin during the conference of the Kommersant newspaper, held on Wednesday, February 5. He noted that the parameters of the program have not yet been determined.
The Russian Ministry of Construction has begun to create a federal program for the development of social rental housing. This was stated by the deputy head of the department Nikita Stasishin during the conference of the Kommersant newspaper, held on Wednesday, February 5, RIA Novosti reports.
Stasishin noted that the parameters of the program have not yet been determined. It is also unknown when it will be launched.
“We are starting to deal with sotsarenda, it will be a separate program, until we are ready to describe its outline, because it is necessary to calculate everything for now.”
Nikita Stasishin
Deputy Minister of Construction of the Russian Federation
Mortgage or rent. What is more profitable
The official stressed that for developers it is necessary to create conditions that will allow them to build rental housing. This includes, among other things, financial conditions. “This requires money, everything will depend on the amount of funds allocated,” the deputy head of the Ministry of Construction explained.
In September 2019, the then prime minister of Russia, Dmitry Medvedev, said that the development of the rental sector in the country was hampered by a psychological factor. He noted that it is necessary to work with a deep-seated attitude towards compulsory ownership of real estate, which is typical for Russians.
Social renting of housing in Russia still exists. Apartments (or rooms) under social rental contracts are provided free of charge, while the tenant cannot sell such real estate. He is obliged to pay utility bills on time, but does not pay real estate tax. Housing provided under a social rent agreement can be privatized.