Preferential Credit Program for the Restoration of Cultural Heritage Sites

The program is aimed at supporting investors in projects to restore cultural heritage sites in poor condition and adapt them to modern use.

Objects of cultural heritage of the Yaroslavl region

* when clicking on the button, you need to configure filtering: in the type of object, select the "OKN Building", in the municipality, choose the territory of interest


Programme operator: Home. Russian Federation

Support recipients: legal entities and IPs that are owners, tenants, rights holders of OKN

Interest rate 9 percent annual 6% at least three-star hotel openings (***)

Amount of credit from 5 million rubles.
(Total limit on credit agreements: RUB 300 billion)
The grace period 8.5 years:
development of project documentation for no more than 1.5 years;
- carrying out restoration works:

  • not more than 500 square meters. m - 2.5 years
  • not more than 1500 sq. m. - 3 years
  • not more than 5,000 square meters. m - 4 years
  • more than 5,000 sq m - 5 years

- the act of acceptance of the performed works, confirming the completion of works on preservation of the object of cultural heritage, must be provided by the borrower of the credit institution no later than December 31, 2030;
- operation of the restored OKN - 2 years from the date of the acceptance of the work performed.

Purpose of lending: preservation of OKS, adaptation for modern use and development of documentation


Creditors


Requirements for ICS

  • included in the unified state register of OKN (monuments of history and culture of the peoples of Russia)
  • OKN of any value (federal, municipal, regional) except for religious facilities and apartment buildings with several rights holders;
  • is in poor condition
  • It is a separate building, not a building.


To obtain a loan at a reduced interest rate, you must contact the branches of creditor banks.


Useful reference: https://Heritage.com

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