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Participants' apartments in Buryatia will be completed with federal support
The Federal Fund for the Protection of the Rights of Shareholders will finance the construction and compensation for residents awaiting apartments in eight high-rise buildings in Buryatia. 1,6 billion rubles will be allocated for these purposes.
According to the press service of the government of the republic, an agreement with the Fund was signed this week. According to the Director General of the Fund Konstantin Timofeev, 97 million rubles will be allocated from the budget of Buryatia for the completion of houses - this is 6% of the required amount of funds, 94% will be allocated from the federal budget.
Only houses with a high degree of readiness will be completed. Apartment buildings with a low degree of readiness will not be completed - equity holders will receive compensation. In relation to developers who do not take measures to complete their facilities, bankruptcy proceedings will be initiated.
According to the Minister of Construction and Modernization of the housing and communal complex of Buryatia Nikolai Ruzavin, the mechanism selected by the Fund is effective, but rather lengthy process. It will take time to declare developers bankrupt, introduce bankruptcy proceedings, examine the technical condition of houses, and transfer them to the Fund.