Funding for federal program “Housing” for 2015-2020 years reduced by 4%
The total funding of the federal target program “Housing” will be reduced by 4% – up to 663.79 billion rubles.
Pursuant to the resolution of the Russian government, the number of young families who receive certificates for social payments for the purchase (construction) of housing will be decreased by 4.54% – up to 150.38 thousand families.
Funding from the federal budget will decrease by 4.7% (to 341.17 billion rubles), funding from regional budgets – by 3.25% (to 101.89 billion rubles), and funding from extra-budgetary sources will be down by 3.4% (to 220.73 billion rubles).
According to news agency RIA Real Estate, by 2020, 6.42 million square meters of housing will be commissioned within the framework of the program.
The federal target program “Housing” implies massive construction of economy-class housing in the Russian Federation and assistance in its acquisition by young families, liquidators of consequences of radiation accidents, immigrants from the Far North and other categories of citizens.