The government approved the expansion of a mortgage co -financing program for large families

The Government of the Russian Federation at a meeting on December 3 approved the bill of the Ministry of Finance on expanding the mortgage co -financing program for large families.

As reported on the website of the Ministry of Finance, now the payment of 450 thousand rubles can be obtained, including for repayment of a mortgage for the construction or purchase of an unfinished house. The benefit will also be available to citizens who have issued a mortgage for real estate with inseparable improvements, repair or insurance (property and responsibility), including before the corresponding bill entered into force.

In addition, citizens who acquire a share in the right of ownership of housing will be able to use the support measure if, as a result of the transaction, the residential facility is completely owned by a citizen or his wife (spouse).

Finally, the payment will be available to pay for the share contribution of a member of the housing and construction cooperative if permission to build such a house was received before July 1, 2018.

“Now 450 thousand rubles for the payment of mortgages will be received by those citizens who, for formal reasons, could not do this before: the goals of the mortgage specified in their contract did not fall under the terms of the program,” said the head of the Ministry of Finance Anton Siluanov.

Recall that the mechanism for payments of compensation to large families with a mortgage has been operating since the end of September last year. This compensation may be aimed at paying off the balance of the amount of the current mortgage loan or accrued interest. The program applies to families in which from January 1, 2019 to December 31, 2022, a third child or subsequent children will be born or born.

For 11 months of 2020, 81.2 thousand families were received as part of the program totaling 36.2 billion rubles. For the entire duration of the program, payments of 89.6 thousand families were made totaling 39.9 billion rubles.

According to Siluanov, by the end of the year the funds under the state program for co -financing a mortgage will receive 91 thousand families in the amount of 40.5 billion rubles.