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The state will help large families pay off the mortgage

The state will help large families pay off the mortgage
Photo: pixabay.com

Large families will receive a subsidy from the federal budget. The state will help fully or partially repay the mortgage loan for families in which a third or subsequent child was born after January 1, 2019.

This was announced by Russian Prime Minister Mikhail Mishustin at a government meeting. The maximum payment to large families under this program will be 450 thousand rubles. More than 9,5 billion rubles will be allocated for these purposes. According to the Finance Ministry, this measure will be able to take advantage of more than 20 thousand Russian families with many children.

Mikhail Mishustin also recalled that, given the expanded maternal capital, the total amount of housing support for large families can exceed one million rubles.

In February, the State Duma adopted in the third, final reading the amendments on expanding the maternity capital program. Its validity will last until 2026, payments will extend to the birth of the first child, receiving money will be simplified. In March, 40 thousand applications for large families were approved mortgage write-off.

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