Alexander Lomakin, the First Deputy Minister of Construction and Housing, indicated that the Russian Ministry of Construction is preparing to outline measures aimed at supporting commercial real estate developers in the near term. The announcement was carried by DEA News.
He noted that current proposals are being coordinated with the Ministry of Economy. Initially, officials expected a key 20% rate, but the figure was revised downward, necessitating adjustments to the terms of the proposed assistance.
An interlocutor from the agency added that the Council of Ministers has not yet finalized criteria for selecting which companies will be eligible for state aid. The selection framework remains under consideration as part of ongoing deliberations.
Irek Fayzullin, a former head of the Ministry of Construction and Public Services of the Russian Federation, has spoken about long-term housing targets in Russia. By 2030, he suggested, each Russian household could average 34 square meters of living space, reflecting an ambition to improve dwelling availability across the country.
President Vladimir Putin has previously acknowledged the scale of the housing challenge, stating that billions of square meters will be needed to address the shortage comprehensively. His remarks signal a broad recognition that housing accessibility remains a critical national priority.
Earlier in a State Council address, Putin emphasized that the Russian construction complex possesses vast potential but should be liberated from excessive bureaucracy. He called for housing, construction, and communal services to be developed on a fundamentally new technological foundation, underscoring a push toward modernization and streamlined processes across the sector.