By 2010 every young family to get 900 thousands rubles as mortgage
By 2010 financing of "Mortgage for young families" subprogram of federal purpose program "Habitation" will amount to 165 milliards rubles.
This was announced by the head of Russian Ministry of regional development Vladimir Yakovlev. "Within the frames of "Habitation" program state provides grant of about 40% from total apartment price. The rest part young family pays after receiving the flat, legalizing mortgage credit", - said the minister. Mortgage credits will be legislated on preferential terms, even if young family doesn`t have children. In case a family has a child, it has right on additional 5% grants. Meanwhile, sum of grant is calculated basing on price of a sq. meter of habitation in every subject of Russian Federation.
Within the frames of subprogram "Mortgage for young families" about 180 thousands of people must receive apartments. In 2006-2010 more than trillion rubles will be spent on program "Habitation". For these purposes 323 milliards of rubles will be taken from federal budget and more than 225 milliards rubles will be state guarantee for mortgage crediting. There is no information about the remaining sum.
Project of federal purpose program "Habitation" was introduced to Russian government and will be examined on Thursday, December 15. It is planned to decrease interest rate of mortgage crediting from current 15% to 10% by 2008, and to 8% - by 2010. "In this view total sum of mortgage credits will increase from 20 milliards, granted in 2004, to 150 milliards - in 2007 and 415 milliards rubles - in 2010", - informed Vladimir Yakovlev earlier.