The Role of Project Financing in Housing Construction

Abstract

The article deals with the issue of project financing in the field of housing construction. The relevance of the article lies in the developers’ unavoidable relying on project financing for the implementation of projects. The article outlines the issues that reveal the essence of project financing and its features in the construction industry, positive and negative aspects of the transition to project financing for developers and equity holders. Analytical data on the transition to escrow accounts and the overall project finance scheme in the housing industry are also considered.