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Tuesday, January 24, 2017

Credit for the repair: the Ministry of construction has come up with for the Russians the new scheme


The Minister of construction and housing Russian Mikhail Men said in an interview with “Kommersant” about the intention of his Department to form a new practice of contributions for capital repair of houses.


photo: Sergei Ivanov

The Minister of construction and housing Russian Mikhail Men said in an interview with “Kommersant” about the intention of his Department to form a new practice of contributions for capital repair of houses.

We are talking about the fact that the residents of the houses were taken from banks concessional loans for the repair, spend the money to repair at once, and the interest paid in the next few years.

This practice, said Men, was applied in two dozen homeowners in the Rostov region.

However, the Minister said high interest rates, which are now operating on such loans for homeowners — 17-20% per annum, whereas the optimum rate, according to the Minister, it would have to exceed 10%.

However, said representatives of banks, need subsidies from the state. While by themselves these loans to banks should be beneficial, as for reliability they are almost equal to mortgage loans.

The main claim of the Russians to the current fees for the repair lies in the fact that the money is on them going now, and the repair is carried out using normally for many years.

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