The Russian government will set aside billions for the mortgage payments program for large families

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Russian Prime Minister Mikhail Mishustin said at a government meeting that the Council of Ministers plans to allocate another 15 billion rubles. for the mortgage payment program for families with three or more children. It has been reported TASS.

“The government will allocate an additional 15 billion rubles to families with a third or later child after January 1, 2019, to guarantee the fulfillment of their mortgage loan obligations,” he said.

According to the head of government, parents with many children will be able to receive payments in the amount of 450 thousand rubles to fully or partially repay their housing loans.

Mishustin emphasized that thanks to this decision, more than 33 thousand families will have the opportunity to improve their living conditions.

“This year, more than 60 billion rubles were provided for the repayment of funds to credit institutions in the federal budget. Most are already listed,” the prime minister added.

Also, the chairman of the Cabinet of Ministers recalled the words of Russian President Vladimir Putin about “the need for families with children to constantly keep the situation under control with their income.”

On July 6, Mikhail Mishustin announced the maximum amount of a preferential loan under the Rural Mortgage program. promotion from 3 to 6 million rubles. As an extension of the conditions for participation in the state lending program for citizens of the Russian Federation.

Advance Cabinet lowered “Rural Mortgage” rate for border areas from 3% to 0.1%.

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