Regional Economics: Theory and Practice

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The mechanism of implementation of public housing policies at the regional level

Vol. 14, Iss. 2, FEBRUARY 2016

Received: 16 May 2015

Received in revised form: 26 June 2015

Accepted: 7 July 2015

Available online: 12 February 2016


JEL Classification: R21, R22, R31, R38

Pages: 149-158

Prokof'ev K.Yu. Pskov State University, Pskov, Russian Federation

Importance The article deals with the issues of implementation of public housing policies at the regional level.
Objectives The paper aims to develop a mechanism for the implementation of housing policies for individual categories of citizens with housing through the construction (purchase) of tenements and economy class housing, using collective investment at the regional level.
Methods I used a method of synthesis and systematic research method.
Results I present a developed mechanism to ensure the implementation of housing policies for individual categories of citizens with housing through the construction (purchase) of tenements and economy class housing, using regional private mutual funds of real estate.
Conclusions and Relevance I conclude that the mechanism, which involves an extensive use of the market mechanism and governmental support for different categories of citizens with housing, as well as a considerable level of investment security will contribute to the formulation and implementation of effective public housing policy. The results of the research may be useful to State authorities in forming and implementing public housing policies, including at the regional level.

Keywords: housing policy, realization, mechanism, principles, closed mutual investment fund


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