Development of Leasing Operations as a Tool to Fund Innova-tive Activities in Housing and Public Utilities

Housing and public utilities is of socio-economic significance. It determines the conditions and quality of population life. The article deals with investment methods of innovative activities financing in housing and public utilities sector. Authors suggest that development of leasing transactions through public-private partnership is a priority tool for reforming the industry. An analysis of terminology allowed defining the term of leasing operations of housing and public utilities innovative activities with public-private partnership mechanism applied. It is worked out an organizational and economic scheme of leasing transaction with public-private partnership involved for innovative activity in the housing and public utilities sphere. It allows tracing interaction stages between the leasing participants with the state involved. An innovative technique to calculate leasing payments in operational leasing is worked out. It allows innovative housing and public utilities organizations to vary both payments sums and the residual value of the leased property. The authors suggest directions for state incentives necessary for the effective leasing operations in the housing and public sector. Thus, the study showed it's necessary to develop leasing operations with public-private partnership involvement. It will influence investment and innovation activities of the housing and public utilities sector favorably.