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Cabinet of Ministers allocated 1 billion rubles for mortgage benefits to many children - EastRussia | Far East

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The Cabinet of Ministers allocated 1 billion rubles for mortgage benefits to large families

The Cabinet of Ministers allocated 1 billion rubles for mortgage benefits to large families
Photo: pixabay.com

The Housing Development Institute DOM.RF will receive one billion rubles from the Russian government. The money will be used to reimburse costs and lost income when implementing a program to help large families repay their mortgages.

According to TASS, to get a subsidy, you need to contact the bank serving the mortgage. A set of documents from the borrower will be considered by DOM.RF, which, after approval of the application, will transfer money to the bank for early repayment of part of the mortgage loan.

The support program provides for the payment of mortgage repayments in the amount of 450 thousand rubles. The benefit is intended for families in which a third child or subsequent children were born from 1 January 2019 year to 31 December 2022 year.