Siluanov: expanding the family mortgage will require about 40 billion rubles for three years

The government will allocate 40 billion rubles for the updated family mortgage program. in the next three years, said Finance Minister Anton Siluanov. The expansion of the program was announced earlier today by Russian President Vladimir Putin.

“The preferential mortgage has shown itself to be the best as an anti-crisis measure, one of the most effective anti-crisis measures of the government. It seems to me absolutely logical that when we extend this well-working measure with minor adjustments, it will continue to work and continue to contribute to economic development, “said Mr. Siluanov during the St. Petersburg International Economic Forum (quoted by Interfax).

“We thought everything fit into the parameters of our three-year budget,” the minister said. There will be small numbers for 2021, noted Anton Siluanov. “For family mortgages – about 40 billion rubles. for three years, ”he said.

At the SPIEF, Vladimir Putin announced that the concessional mortgage program will be extended for a year – until July 2022. The rate will be increased from 6.5% to 7%. The maximum amount of housing cost on preferential mortgages in Moscow and St. Petersburg will be 12 million rubles, in other regions – 6 million rubles, the president said. The maximum loan amount is 3.5 million rubles.

At the same time, Mr Putin proposed expanding another preferential program – a family mortgage at 6%, extending its effect to families and with one child.

Read more in the publication “Kommersant” “Preferential mortgage threw a year.”