Russian authorities are going to attract about 100 bln roubles of private owned investments for pilot projects in rental housing construction until 2021.
As it said in the documents published today on the website of the RF Ministry of Construction, Housing and Utilities, it will take 10 bln roubles for these purposes in 2016, in 2017 – 15 bln roubles, in 2018 – 20 bln roubles, in 2019 – 25 bln roubles, in 2020 – 30 bln roubles.
Within the program, Housing Mortgage Finance Agency (AIZhK) will become anchor investor (shareholder) and will create an affiliate managing company – Joint development institute for managing mutual investment funds.
Thus, mutual investment fund will be co-investors of housing construction and also buy ready housing.
To implement the program law amendments have been planned which are to stimulate the market of rental housing. It will help involve industry specific investors and managing companies.