The author is an active supporter and apologist of the renovation of residential development in Moscow, a direct participant in the development of justifying materials of the renovation program. The article deals with the risks of renovation, i.e. the risks of the started process of reconstruction of large areas of the city, the risks of failure of the approved program. The main risks include: first, the lack of understanding of the renovation program as the largest social project that requires the active participation of all participants; secondly, the risks of possible underfunding, and hence the failure of the city to fulfill its obligations to the residents (which should not be allowed), and, thirdly, potential errors when planning the program realization. Awareness, understanding of the risks of the renovation program will make it possible to develop and take measures for their accounting in advance, some of which are given in the proposed article.