The Ministry of Construction and Housing and Communal Services did not propose the introduction of concessional mortgages at a rate of 1% for house kits in Russia within the framework of individual housing construction (IHC), which includes escrow accounts for ordinary Russian citizens. The newspaper reports this “Vedomosti” referring to a ministry representative.
The newspaper’s interlocutor explained that the concessional loans were not for individual Russians, but for contractors. Contractors will be able to receive the same authorizations as developers. Thanks to the new government program, the buyer will have the opportunity to get a loan without additional guarantees and collateral. And this will not affect the final price.
On the eve of the Deputy Minister of Construction, Housing and Communal Services of the Russian Federation Nikita Stasishin stated It is reported on the Rossiya 1 TV channel that a new concessional mortgage loan program for the purchase of house kits for individual housing construction using escrow accounts may be launched in Russia. There was talk of subsidizing such a loan at 1 percent.
Previously Ministry of Finance offered Increase the down payment on a preferred mortgage from 20% to 30%.