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HomeLatest NewsThe government approved a preferential mortgage program for new regions KXan 36...

The government approved a preferential mortgage program for new regions KXan 36 Daily News

Date: February 3, 2023 Time: 07:41:26

According to the government press service, it will be possible to obtain a soft loan for the purchase and construction of housing in these regions for housing in the amount of up to 6 million rubles with a down payment of at least 10%.

According to Deputy Prime Minister Marat Khusnullin, responsible for construction, “this is an important step in the economic integration of the regions.” The Cabinet does not expect mass issuance of subsidized mortgage loans for the first time, but local developers are already interested, demand for mortgage programs will grow, Khusnullin said.

Recall that the decision to launch mortgage programs for new regions was made by Russian President Vladimir Putin during a meeting of the Council for Strategic Development and National Projects on December 15, 2022.

Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.
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