Financial Maintenance of Building of Affordable Housing on the Basis of Public-Private Partnership

Abstract:

In Russia, there is a decrease in investment activity from the citizens in the primary real estate market, where until recently the main engine was equity construction. The last one, objectively, has lost the ability to satisfy the interests of participants in the investment process. In 2017 the legislator made an attempt to adjust the economic and legal field of housing construction. The article considers the issue of viability of equity construction in new economic conditions. Alternative solutions are considered and the author's vision of the mechanism of financing housing construction on the basis of public-private partnership which provides the supply in the primary market of affordable housing is presented.

• Periodical: Materials Science Forum (Volume 931)
• Pages: 1107-1112
• DOI: https://doi.org/10.4028/www.scientific.net/MSF.931.1107
• Online since: September 2018
• Authors: Ramil R. Mavlioutov*, Elena V. Egorova, Olga Yu. Pakhomova
• Keywords: Banking Support, Construction, Equity Construction, Financing, Funding, Housing, Project Financing, Public-Private Partnership

References

[1] B. Skupov, Problems and prospects of project financing of Russian construction complex. Available at: https://ardexpert.ru. (In Russian).

[2] Federal Law No. 214-FZ «On Participation in the shared construction of apartment buildings and other real estate and on amendments to some legislative acts of the Russian Federation» (2004).

[3] A. N. Larionov, The role of legislative bodies in enhancing the effectiveness of interaction between the fund for the protection of the rights of citizens participating in equity construction with developers, Real estate: economics, management. 2 (2017).

[4] N. B. Kosyreva, Amendments in 214-FL will protect not only interestholders, but also developers. Available at: http://rcmm.ru/vlast-i-samoregulirovanie/27337-nadezhda-kosarevapopravki-v-214-fz-zaschityat-ne-tolko-dolschikov-no-i-zastroyschikov.html. (In Russian).

[5] P. G. Graboviy, M. A. Lunyakov, M. I. Kamenetskiy, Features and problems of project financing in construction, Real estate: economy, management. 4 (2017) 6-14. (In Russian).

[6] T. V. Svetnik and V. S. Vakhnovich, The shared construction system and evaluation of mechanisms for its replacement, Bulletin of Baikal State University. 6 (2016) 907–918. (In Russian).

[7] Information on http://www.cbr.ru/statistics/UDStat.aspx?TblID=302-21&pid=sors&sid=ITM_30761. (In Russian).

[8] Information on http://www.gks.ru/free_doc/new_site/prices/potr/I_ipc.xlsx. (In Russian).

[9] M. I. Mazur, V. D. Shapiro, Management of investment and construction projects: an international approach, Avvailon, 2004. (In Russian).

[10] A. Damodaran, Investment Valuation: Tools and Techniques for Determining the Value of Any Asset, John Wiley & Sons, Inc., New York, (2012).

[11] B. Graham, W. E. Buffett, J. Zweig, The Intelligent Investor: The Definitive Book on Value Investing, Harper Collins, New York, (2003).

[12] R. Mavlioutov, E. Butenko, R. Menyailova R, Development of corporate associations of construction industrial enterprises and subjects of financial and credit environment by financial infrastructure merging, SHS Web of Conferences. 35 (2017).

DOI: 10.1051/shsconf/20173501006

[13] Information on http://www.nlu.ru/retire_indicators.htm. (In Russian).