The Agency for Housing Mortgage Lending and the Fund of Development of Housing Construction will create the Institute of Development of the Housing Sphere, the prime minister of the Russian Federation, Dmitry Medvedev, has declared.
According to him, 2014 was a very successful year for housing construction. In Russia, more housing was built than in the previous record year of 1987. This was greatly helped in many ways by the work of the Agency for Housing Mortgage Lending and the Fund to Develop Housing Construction.
Construction development was also promoted by a reduction in official administrative procedures, down from 220 to 130. In the ratings for "doing business in 2015", Russia was 12th in the world in such categories as "Registering Property".
-For the creation of a center of competence, we plan to unite these organizations and to create the Institute of Development of the Housing Sphere. It will be engaged in the financing of the "Housing for the Russian Family" program, as a result of which construction of more than 10 million sq.m of housing, support for the creation of municipal infrastructure, and the construction of housing for rent and mortgage lending has already begun in 49 regions. I ask you to support this initiative, said Medvedev.