Ministry of Construction creates a platform for rental of housing and counts on private investment

Digitalization of the long-term rental real estate market

Main article: Digitalization of the long-term rental real estate market

2021

Ministry of Construction decided to raise funds from private investors to create a housing rental platform

On October 18, 2021, the Ministry of Construction and Housing and Communal Services of the Russian Federation announced a change in the conditions for financing the state information system (GIS) for rental housing. To implement the project, attract private investors, according to the response of Olga Kornienko, director of the housing policy department of the Ministry of Construction.

According to TASS with reference to this letter, the bills that provide for the creation of a state information system for accounting for rental housing agreements, as well as amendments to the Tax Code, have been finalized. In particular, a provision was introduced in the bills on the creation of a platform in the form of a state information system on the basis of a concession agreement.

Ministry of Construction attracts funds from private investors to develop a housing rental platform

In addition, in order to solve socially significant problems of housing policy, in particular, for effective taxation in the field of housing hiring, "it is necessary to attract private investments and competencies of participants in turnover in the field of information technology and digital transformation," the Ministry of Construction said in a response.

The platform should help the tenant select housing and draw up a contract, and the owner of the housing should decide on the tax regime. The main goal of the future aggregator is to bring the rental market "out of the shadows." According to Olga Kornienko, this requires attracting private investments and competencies of participants in the turnover in the field of information technology and digital transformation.

According to the ministry, by October 2021, over 5 million apartments are being rented in Russia. Revenues to the budget from their lease can amount to 200 billion rubles a year. In addition to the digital platform for rental of apartments, the Ministry of Construction intends to whitewash the rental market by providing tax deductions to tenants and reducing state duties for registering contracts.^[1]

Putin instructed to work out an initiative to create a digital rental housing system

President Vladimir Putin instructed to work out the issue with interested departments and report. Presidential aide Maxim Oreshkin was appointed responsible for this order, Interfax reported citing its source on September 1, 2021^[2].

The interlocutor of the news agency said that the document submitted to the "ДОМ.РФ" to the president, in particular, states that to organize a transparent housing market in Russia and protect the rights of citizens, it is proposed to create a state information system by attracting private investment - a digital platform for hired housing, which will be accessed, including through the public services portal.

It is assumed that the tax on income from hiring housing and renting other premises will be held by the platform operator as a tax agent. It is proposed to entrust the functions of the platform operator to the Ministry of Construction of Russia, ensuring the attraction of private investors for the creation and operation of the information system within the framework of the ДОМ.РФ concession.

The head of "ДОМ.РФ" Vitaly Mutko spoke about the creation of the platform a year ago "(photo - Alexander Korolkov/RG)"

The Ministry of Construction of Russia has developed a package of bills providing for the creation of a rental housing platform, which is currently being approved. I ask you to support this initiative and instruct you to ensure the adoption of these bills by the end of the year, as well as the government's order to conclude a concession agreement on the creation of a platform with the participation of DOM, RF JSC, "the document says according to the source.

It also says that the lack of housing rental relations currently leads to the loss of tax revenues to the budget of the Russian Federation up to 150 billion rubles a year. Now, according to experts, 80-90% of property owners do not pay taxes on the amounts received for the rental of housing.

Recall that "ДОМ.РФ" is implementing its own pilot projects for the construction of rental housing for commercial hire, including with the attraction of private investment. Financing of rental projects with a total area of ​ ​ about 460 thousand square meters. meters (8.9 thousand apartments and apartments). The company's portfolio consists of 13 commercial and corporate rental projects for 8.9 thousand apartments and apartments, the total area of ​ ​ which is 458.7 thousand square meters.

Earlier it was reported that "ДОМ.РФ" has already invested almost 50 billion rubles in the development of rental housing in Russia.

Ministry of Construction is preparing a bill to whitewash the rental housing market

The authorities plan to tighten control over the rental of housing, Izvestia reported in January 2021. The Ministry of Construction is preparing a bill that will create conditions for the formation of the private rental housing market. It will be submitted to the State Duma by the end of this year, according to documents of the Russian government, which Izvestia has reviewed.

Deputy Minister of Construction and Housing and Public Utilities of the Russian Federation Nikita Stasishin at the same time said that measures to develop the rental housing market are included in the passport of the federal project "Housing." Including it is planned to launch an information system for recording housing contracts, he said the^[3].

2020: The head of "ДОМ.РФ" Vitaly Mutko announced a single federal online platform for rental housing

A single federal online rental platform will appear in Russia. Its creation in August 2020 was announced by the head of ДОМ.РФ Vitaly Mutko. According to the idea, the platform should help the tenant select housing and draw up a contract, and the owner of the housing should decide on the tax regime. The main goal of the future aggregator is to bring the housing rental market "out of the shadows"^[4].

To launch the system, it is necessary to amend the legislation accordingly, we hope that this will happen in the autumn session, and next year the system will be launched, Mutko quotes Rossiyskaya Gazeta.

The bill at the time of the announcement has already been prepared, it was discussed in the government. But, as the chairman of the State Duma Committee on Housing Policy and Housing and Communal Services Galina Khovanskaya told RG, at that time the bill had not yet been submitted to the State Duma. This was expected to happen later. According to Khovanskaya, we are talking about creating a single state platform that should increase the transparency of rental transactions. And for tenants, it means guarantees that the contract with them is not terminated at first request, and the state will receive additional taxes.

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