Financial instruments for housing construction in the region (based on materials from the Vladimir region)

The purpose of the work is to identify the problems and tools of financial support for the main directions of development of housing construction in the region (construction of rental housing and individual housing construction). In the course of the work, the authors used: general scientific methods: comparisons and analogies, analysis and synthesis. As a result of the study of the dynamics of the commissioning of residential buildings, the main indicators of the development of mortgage lending in the Vladimir region, it was concluded that in 2020, the increased availability of mortgages, the low profitability of alternative ways of saving, as well as the deferred needs for the purchase of housing due to the spring "lockdown" led to an increase in demand for it in the second half of 2020 and with limited supply (a decrease in the volume of housing commissioning in the Vladimir region in the second and third quarter of 2020), this caused an increase in prices in the housing construction market. As areas of financing of individual housing construction in the Vladimir region, the need to increase the number of banks that use mortgage lending for the construction of their own homes and reduce the interest rate on this type of lending compared to lending to apartments is determined. As directions for the development of the rental housing market, the authors propose the use of a financial mechanism of public-private partnership, which includes significant financial guarantees for developers in order to ensure the availability of this type of rental housing in comparison with commercial rental in the conditions of technological, institutional and financial constraints in the region. The results obtained can be used by the state authorities of the region in the development of state housing policy, as well as by specialists studying this issue.