Izvestia: authorities compensate Russians under 35 for half of the rent
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“News”citing the Ministry of Construction, reported that Russia plans to introduce a program to subsidize the rent for housing for citizens under the age of 35.
It is clarified that according to this program, Russians who have not yet turned 35 years old will be compensated for half of the payments for rental housing. In this case, a prerequisite will be the accumulation of funds for the down payment.
This program was designed to encourage youth to save their mortgage down payment.
“The state will help to save up for a down payment, in parallel, allocating subsidies for rental housing. The program will continue until the initial payment is accumulated,” said Nikita Stasishin, Deputy Head of the Ministry of Construction.
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