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Primorye authorities to allocate more 400 million rubles for the completion of shareholders' houses - EastRussia | Far East

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Primorye authorities will allocate more 400 million rubles for the completion of shareholder houses

In the budget of Primorsky Krai for 2019, the year will provide an additional more 400 million rubles for protracted construction in which the shareholders have invested. The money will go to the completion of houses in Artem.

Funding will be directed to the recapitalization of the Housing Development Corporation. The organization will act as a customer and purchaser of housing, finance the completion, and after putting houses into operation use unsold apartments for social needs. Orphans, citizens from emergency and dilapidated housing, can inhabit them.

As the press service of the Primorye government informs, now Artem is the second city in Primorye in terms of the number of long-term construction projects. There are seven problem houses, the construction of which began in 2014-2016. Without the promised apartments, almost 450 families remain.

As the houses of the Housing Development Corporation are completed, they will be able to achieve self-sufficiency and return the money within two to three years. In the near future, the cost of completing the construction of houses will contribute to the draft law on the budget for 2019 year.