Features of financial security of residential construction in modern conditions
Year: 2025
Type: article
Abstract: It is pointed out in the article that in the content of martial law and significant destruction of the housing stock, socio-economic problems have arisen making the issue of housing construction urgent. Challenges, such as loss of housing, forced displacement and economic inequality resulting from destruction of housing and property of many people make provision of safe and affordable housing for all citizens a priority of the national and regional policy. In the study, peculiarities of housing construction in modern conditions are revealed and the need to consider them by improved development of construction industry is noted. The main specific features of construction under martial law are as follows: priority of housing restoration, changes in demand for housing, complexity of construction technologies, innovation and environmental friendliness of construction, reduced volume of new projects, simplified permitting procedures, and others. In the article, special attention is paid to peculiarities of financial support for housing construction. Main sources of financing in current environment include programs on state funding, special funds for financing, using governmental subsidies and benefits, international support, public-private partnerships, public initiatives and charitable foundations, preferential mortgage lending with governmental participation, using military bonds, international sanctions funds, and confiscated Russia’s assets. It is determined in the article that the important factor in modern housing construction is state support through financial and regulatory and regulatory mechanisms aimed at restoring housing and stabilizing situation in the country. It is concluded within the study that financial support for housing construction during martial law is based on multi-channel financing with the emphasis on state support, international assistance, attraction of private capital and public initiatives. Success of these measures depends on coordination between all participants and adaptation to changes in security and economic situation.
Source: SCIENTIFIC BULLETIN OF POLISSIA
Authors: Svitlana Tulchynska, Ihor Cherednychenko
Language: English
Topic: Housing Market and Economics
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4408886705