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MIL OSI Translation. Region: Russian Federation –

745 families have already signed contracts with the Moscow Foundation for the Renovation of Residential Development.

During the implementation of the program, the Moscow Fund for the Renovation of Housing Development has received more than 900 requests from residents to purchase additional space. This was announced by the head of the capital Department of Urban Development Policy Sergey Levkin… As a reminder, each participant of the renovation program can buy additional space from the city with a 10 percent discount.

“You can use the right to purchase in the first two years from the date of the conclusion of the exchange agreement. The renovation fund received 748 applications from residents directly at the time of resettlement and another 190 applications for additional purchases within two years. To date, 745 contracts have been concluded, ”the head of the department said.

An important condition when purchasing additional square meters: the premises should not be more than 100 square meters. You can use preferential terms only once. It is allowed both to pay with the program participant’s own funds, and to attract funds from credit institutions. Muscovites are consulted on this issue for free.

Renovation program: stages and terms of resettlement of residents of 665 houses are published on mos.ru

The renovation program was approved in 2017. It provides for the resettlement of 350 thousand apartments and concerns about one million residents of the capital. Since the beginning of its implementation already moved or are in the process of relocating more than 34 thousand residents of 223 houses. This year alone planned to build about 100 more houses for program participants.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

MIL OSI Russia News