Individual housing construction supported financially
Russian President Vladimir Putin instructed the Government, together with the Central Bank, to develop financial instruments to support individual housing construction.
“Ensure the creation of financial instruments, including credit, to support individual housing construction,” reads the list of instructions for the implementation of the President’s Address to the Federal Assembly, approved by the President on February 27, 2019.
In the course of the meeting with Government members held on the same day, Finance Minister Anton Siluanov proposed for implementing this order to allow “to direct state support funds – this is maternal capital plus a deduction of 450 thousand rubles – for new individual housing construction.”
Source: Website of the President of Russia