Minstroy decided to increase by 5 times the contributions of the developers to the compensation fund

As stated in the document published on the portal of draft legal acts, as of October 1, 2018 the amount of the obligatory contributions of the promoters to the compensation fund will be 3% of the price of each contract of participation to shared building (DDU). The proposal to increase the amount of promoters' allowances to the Co-Investors Fund has already been submitted to the State Duma as part of the law that toughens the rules of shared construction in June, but this measure has been excluded from the final variant. 19659002] At the head of the Committee on Natural Resources, Property and Land Relations of the State Duma Nikolay Nikolayev, the increase in contributions should encourage promoters to translate their projects as soon as possible into the system [19459005

The financing of the construction of housing with the use of escrow accounts with the participation of shareholders since July 1, 2018 is voluntary, as of July 1, 2019 – mandatory.