Kondrat'ev R.Yu.Financial University under Government of Russian Federation, Lipetsk Branch, Lipetsk, Russian Federation romario_80@inbox.ru ORCID id: not available
Subject This article examines the impact of State policy on housing development against the backdrop of grand challenges. Objectives The article aims to highlight the main factors and directions to increase resilience and adaptability of the housing sector to the new development conditions. Methods For the study, we used the methods of analysis and synthesis, grouping, comparison, generalization, and the logical and systems approaches. Results The article highlights factors of duplicitous nature and determines the type of economic development of the housing sector and the economic actors involved. It shows that real estate markets, for example, are both a source of scientific and technological development and a factor of financial instability leading to grand challenges. Conclusions Taking into account the dual nature of factors in the development of government programs will help implement the public housing policy, government development programs, and avoid the big bang-scale challenges.
Keywords: research and technological development, grand challenges, extensive and intensive factors, sustainable development, housing construction sector
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