In the law on joint construction and a number of other introduced a number of amendments. In particular, as explained “RG” in the Fund of protection of the rights of citizens – participants of shared construction, added the possibility of making payments to the investors regardless of whether to pay the developer contributions to the compensation Fund. In addition, such payments will be able to get all the members of housing construction cooperatives with the bankruptcy of developers.
decisions by the Foundation on problematic objects should accelerate. This improved the order of the Fund and of the liquidator, which will allow faster to prepare the necessary Foundation for decisions on restoration of rights of shareholders (either through compensation or completing construction).
the provisions of the bankruptcy law in the current edition will be distributed in the bankruptcy case of developers, excited to start the year 2018. This will allow the Fund to use the mechanism of restoration of rights of citizens on objects, developers who went bankrupt before the creation of the Fund.
From the registry problem objects of the building will be excluded only after the restoration of the rights of citizens, that is, when either the house completed, or interest holders received a cash compensation.
Accelerated disclosure of escrow accounts access to the money holders, the developer will receive after registration of the permission to input of object in operation, providing information from the egrn on the state registration of ownership rights would not be necessary. This, as noted recently by the Minister of construction and housing and communal services Vladimir Yakushev, will allow developers to 3 months earlier than now, to obtain funds of citizens, to return the loans for project financing and to pay interest on it. “We believe that there is already no risk,” said the Minister.
in addition, expands the list of what can be spent funds from the current account of the Builder – they can also be made on the preparation of project documentation and engineering investigations for the construction or reconstruction of engineering networks within the boundaries of the land plot’s legal owner is the developer.
Also, the law prescribes the procedure for the return of the parent capital from the escrow account to the Pension Fund upon termination of the sharing agreement.
