Housing finance in Russia : developments in 1992

Under the auspices of this program, the Urban Institute was consulted to provide TA to the Russian Federation with Moscow city governments. The major goal of the reform effort is to reorient the shelter sector along market principles. This report discusses the steps the Russian Federation took in 1992 to address some of the fundamental problems in the existing system of long-term housing lending; summarizes the state of long-term housing lending before the transition period that began in 1992; and discusses the actions taken by various branches of the federal government and banking community to reform the housing finance sector. A conclusion offers an assessment of these actions and recommendations for future reform. (Author abstract, modified)