Housing Construction and Purchase Through the Model of Social Financing

Abstract

The article considers aspects of solving the housing problem by improving the mortgage system. The authors analyze the existing system of construction financing, project finance introduction and its results, and study in detail certain elements of mortgage lending. On this basis they further introduce a model of social financing for housing construction and purchase. Management of regional housing construction in the framework of investment and construction activities is a challenging task. This task is being solved gradually and is expressed by standard management functions. Reliability in relations with investors and quality of management of the investment construction process are directly dependent on the quality of implementation of the management functions mentioned above. Investment projects are aimed at achieving specific goals in housing construction, as well as any complex socio-economic systems. In the field of housing construction, not only the return of investments and resources but also investments budget effectiveness and their social aspect are important from the point of view of the region’s development. Therefore, the formation of management system of investment and construction activities in general, depends on coordination of separate elements of the system in the process of the housing complex operation.