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Territory Development Fund (FRT)

Company

Content

Owners

The Fund was created by the Government of the Russian Federation to ensure the sustainable development of territories, the formation of comfortable and favorable living conditions for citizens.

History

2022: Name change

Since January 24, 2022, the full name of the organization has been changed from the public law company "Fund for the Protection of the Rights of Citizens - Participants in Shared Construction" to the public law company "Territory Development Fund."

Since April 29, 2022, the organizational and legal form has been changed from "Public Law Companies" to "Funds."

2017

The Fund for the Protection of the Rights of Citizens Participating in Shared Construction was created by the Government of the Russian Federation on October 20, 2017 to regulate relations between developers and equity holders and contribute to the creation of a safe and fair market for shared construction in Russia. The organization checks the documentation of developers, forms a compensation fund for equity holders in the event of bankruptcy of the developer and finances work on unfinished construction projects.