The government will increase 3 times the volume of soft rural mortgage

the Russian Government tripled funding for the rural program of preferential mortgage in 2020 to 3 billion rubles, said Monday the press service of the Vice-Premier of Victoria Abramchenko.

“To issue concessional loans with interest rate up to 3% on the purchase of real estate in rural areas will be allocated 2 billion rubles”, — stated in the message. In 2020, the Federal budget was previously provided RUB 1 billion to the rural preferential mortgages.

In the end, the program will provide comfortable housing to more than 45 thousand families. The subsidized rate will allow banks to increase preferential mortgage loans to rural residents to 120 billion RUB., purchase of 4 million square meters of housing.

In the framework of the project “rural mortgage” banks have already issued loans in the amount of 28 billion rubles. to improve the living conditions of more than 10 thousand families, or financing the purchase of 1 million square meters of housing.

the Ministry of agriculture will increase the number of authorized banks to participate in the rural preferential program of mortgage. Earlier in the list of authorized banks was part of “Russian agricultural Bank”, Sberbank, “the Center-invest”, commercial Bank “Levoberezhny”, “AK bars” and “far Eastern Bank”. The greatest demand for rural mortgage recorded in Leningrad and Novosibirsk oblasts, Bashkortostan, Tatarstan and Udmurtia.