The Ministry of Finance estimated the cost of a family mortgage until 2030 at 1.5 trillion rubles

In 2024, additional budget expenditures on preferential family mortgages will amount to approximately 260 billion rubles, and the total amount of expenditures, taking into account the extension of the program until 2030, will be 1.5 trillion rubles. reported Ministry of Finance. Extend the family mortgage until 2030 while maintaining current parameters instructed President Vladimir Putin.

When extending the program for families with children under six years of age, the current conditions and the 6% rate will remain. The amount of expenses, the Ministry of Finance noted, may be adjusted due to changes in the key rate. Meanwhile, the department plans to reduce the impact of preferential programs on the mortgage market.

At the end of 2023, the volume of mortgage loans in the primary market due to preferential programs amounted to 90%. Finance Minister Anton Siluanov noted that the department plans to reduce the figure to 20–25%.

On instructions from Vladimir Putin, the Ministry of Finance also extended the program to support large families. It involves payment of 450 thousand rubles. to cover the mortgage upon the birth of a third child in the family. This year it is planned to allocate about 50 billion rubles for the program.

Preferential mortgage programs in Russia were supposed to end on July 1, 2024. During his address to the Federal Assembly, Vladimir Putin said that family mortgages, launched in 2018, have improved the living conditions of more than 900 thousand Russian families. Mr. Putin ordered to make housing under construction in Russia even more affordable and noted that the housing stock should be regularly updated.

About the president’s instructions – in the Kommersant material “The White House heeded the message”.

Lusine Balasyan