Large families in Russia will now be able to use preferential loans to build housing or buy an unfinished house. The corresponding law was signed by Russian President Vladimir Putin. The document was published on the portal of legal information.
A preferential loan program for families with three or more children has been operating in Russia since 2019. Using it, you can get 450 thousand rubles to pay off the mortgage in the event that a third or subsequent child is born in the family from January 1, 2019 to December 31, 2022. Now this money can be used not only for the purchase of individual housing, but also for its construction. And also as a contribution to the housing construction cooperative.
The law defines the list of credit organizations, when working with which co-financing is possible. And also the new decree determines that the money can also go towards the offset of home repair or insurance.