From planning to markets: Housing in Eastern Europe
Russia has achieved significant accomplishments in its housing reform program, starting with the passage of the housing privatization law in July 1991 and continuing through early 1995. Policies have been adopted to establish the legal framework necessary for transformation of the housing sector to one operating under market principles. Substantial progress has been made in the area of housing production, finance, home ownership subsidies and the rental market. However, additional legislation is needed in mortgage finance, land, and other areas that still hinder the expansion of the private sector.