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The Ministry of Finance estimated the cost of preferential mortgages in the Far East
The program of preferential mortgages at 2% for residents of the regions of the Far East will require from five to ten billion rubles in 2020 year. Money will be allocated from the federal budget.
The program will be launched by the end of the 2019 year, so the budgetary costs this year will be insignificant, said Deputy Finance Minister Alexei Moiseev. He also noted that there would be no criteria for banks to participate in a preferential mortgage program.
Also according to information TASS, no final decision was made about the organizer of the program in the Far Eastern Federal District. Presumably, the government commission for the development of housing construction and the assessment of the effectiveness of the use of land plots Dom.RF will be engaged in implementation.
Russian President Vladimir Putin at a plenary meeting of the Fifth Eastern Economic Forum announced that he approved the idea of providing preferential mortgages for residents of the regions of the Far East. They will receive a loan at 2%. So that the Far East can get a loan, the Ministry of Eastern Development capitalizes Development Fund of the Far East, he will work with regional mortgage agencies. Earlier, the Russian government reduced for some categories of residents of the Far East mortgage rate. Measures taken to support fertility in the DFO.