In Russia, a new preferential mortgage loan program for the purchase of house kits for individual housing construction using escrow accounts may be launched. About this on TV channel “Russia 1” said Nikita Stasishin, Deputy Minister of Construction and Housing and Communal Services of the Russian Federation.
“We will provide a subsidy of up to 1 percent on such a loan. “So this will not affect the final price for one person,” he said.
According to him, they plan to expand the initiative to construction contractors as well.
The State Duma adopted in the first reading a bill that will allow contractors to conclude contracts for the construction of individual housing using escrow accounts when building house kits using domestic materials.
Before this the government augmented It lowered the minimum down payment for a government-backed mortgage by up to 20% and reduced the amount of subsidies given to banks by 0.5 percentage points.
Previously Ministry of Finance offered Increase the down payment on a preferred mortgage from 20% to 30%.