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The article considers the program Integrated Territorial Development and defines its role in developing regional housing construction. The study also presents a unique mechanism for integrated territorial development which provides many opportunities for qualitative changes in urban spaces, including urban fabric renewal. This program provides an opportunity to simultaneously achieve several beneficial effects. Firstly, it ensures balanced and sustainable urban development. Secondly, it creates necessary conditions for transport, social, and engineering infrastructure development. Thirdly, the program helps to attract private financing to solve the problem of rehousing residents from substandard and dilapidated housing stock since today the strategic task in the construction market is to ensure the renewal of the old housing stock to such that will meet new technological requirements. This program implementation will create conditions for the growth of real estate capitalization in the transformed territories and will bring substantial benefits for both the region and the entire country.
Peshkov et al. (Fri,) studied this question.