Putin Urges More Affordable Wood-House Mortgages and Wood-Product Support
Russian President Vladimir Putin called for expanded access to affordable mortgage loans for wooden houses, aligning with efforts to boost domestic demand in the sector. The report from TASS highlights his emphasis on making home ownership through timber construction more attainable for Russian citizens and families looking to build with natural materials that suit local climates and regional housing needs.
The president stressed that supporting domestic demand for products from the timber sector is a priority. He proposed increasing both the volume and the availability of mortgages specifically aimed at the construction of individual wooden houses. This approach would enable more families to finance timber homes and strengthen the country’s housing market by expanding options beyond traditional brick-and-mortar construction. The message underscores a broader strategy to stimulate growth in domestic manufacturing and construction while improving the affordability of housing for ordinary citizens.
Putin suggested adopting a financing model similar to the plan used for apartment construction. He pointed to the escrow accounts that safeguard homebuyer funds and ensure construction financing remains secure. The idea is to provide a transparent, reliable mechanism that protects buyers and builders alike, ensuring funds enter the project only when appropriate milestones are met. This approach could enhance confidence in timber housing projects and accelerate completion timelines, according to the authorities responsible for housing policy. — TASS
In another financial update, a restructuring of infrastructure investments was discussed. The administration allocated 15 billion rubles from the infrastructure budget to support renovations of municipal boiler rooms. The plan includes a transition toward fuel pellets, a shift deemed practical and economically justified in suitable regions where such a transition aligns with energy efficiency goals. Putin noted that this modernization effort could be funded through an additional source identified by the Ministry of Finance, facilitating the upgrade of public heating systems and reducing emissions where pellet technology is viable. — TASS