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The Ministry of Labour and Social Protection of the Russian Federation called on the regions to intensify work on the family mortgage program
The Ministry of Labour and Social Protection of the Russian Federation called on the regions to intensify work on the family mortgage program
28-11-18 14:04
Age: 297 days




In Ulan-Ude, the working visit of Ministry of Labour and Social Protection of the Russian Federation Maxim Topilin ended recently. The Federal Minister held a videoconferencing meeting with the subjects of the Far Eastern Federal District on the implementation of the national project "Demography".


Maxim Topilin noted that such a component of the fertility support program as a mortgage subsidizing is poorly used by the regions. The minister called on the authorities to strengthen the work on the family mortgage program, to more actively inform the population.

By the order of the President of the Russian Federation Vladimir Putin, the Government of the Russian Federation has developed a program for granting subsidies for a preferential mortgage at 6% per annum. Families, in which a second, third or other subsequent child was born from January 1, 2018 to December 31, can apply for a mortgage at a reduced rate. The related regulations are approved by Government Decree No. 1711 as of December 30, 2017.

“I would like to draw your attention to the following - you don’t work at all as regions, for some reason you ignore the program run by the Ministry of Finance, which provides families with subsidies of up to 6% for mortgages if they have mortgage loans… You need to be very careful about this - these are your people who live on your territory, you need to give this information to them, you need to understand the reasons for the poor deployment of this program. This program is not going very well.

When we were discussing the program of additional measures to support families with the birth of children, everyone said that mortgage rates are high. We made it 6%. This program requires special attention so far” the Minister of Labour and Social Protection of the Russian Federation noted.

Igor Shutenkov, First Deputy Chairman of the Government of the Republic of Buryatia, replied that the republican component of the national project “Demography” included measures that provide for granting preferential mortgage loans to families with children by attracting extra budgetary funds.

Our republican Mortgage Corporation has been created. And through corporation, and through credit institutions, we are trying to reduce the rate to 6%. Work in our territory is underway,” the first deputy chairman of the Government of the Republic replied.

A prerequisite for participation in the program - a loan must be taken to purchase housing in the primary real estate market. For registration of the mortgage, parents do not need to agree on benefits anywhere else other than a bank branch, it is enough to provide a certificate 2- Personal Income Tax and a copy of the employment record. 

“The term of subsidizing a loan or loan for a second child - 3 years, for the third and subsequent children - 5 years, in the case of a citizen having at least two children (second, third and / or subsequent children) - 8 years” Mortgage Corporation RB informed.
The borrower must independently pay at least 20% of the cost of purchased housing. It is allowed to use funds received from the federal budget or the budget of a constituent entity of the Russian Federation, in other words, it is possible to use the funds of the capital, both state and regional. It is worth noting, that Buryatia has more than 20 thousand large families.

Upon the expiration of the period of preferential crediting, the rate will be set at not more than the key rate of the Central Bank of the Russian Federation at the time of issuing a credit or a loan that was increased by 2%. On July 27, 2018, the Board of Directors of the Central Bank of the Russian Federation decided to keep the rate at 7.25%. In other words, if the credit agreement or loan agreement was concluded during the period of this CBR rate, then after the end of the grace period the rate should not be higher than 9.25% (7.25% + 2%).








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