The republican budget for this year includes 15 million rubles to provide state support to young families in the acquisition of housing. We are talking about those families where there are specialists in the professions that are in demand today, working in budget organizations. To determine the mechanism for implementing the project, from the beginning of the year a number of workshops were held with the participation of deputies and members of the Government. The result of this work was the adoption by the deputy corps in the second, final reading of the new law for our republic "On state support for young families".
The amount of subsidies will depend on the composition of the family: 10 thousand US dollars for a family without children, 12 thousand - with one child, 14 thousand - with two or more children. The law defines the mechanism for spending these funds. The state will compensate for the costs of repaying a bank loan and interest on it. A young family needs to pay 5% of the cost of housing purchased.
This state assistance this year will be able to take advantage of about 175 families. Thanks to the adopted law, a specialist working in the public sector will be able to buy an apartment during ten years with a low profitability of the family, said Sergey Cheban.
The adopted law is sent to the President for signature. It will enter into force 30 days after its official publication. During this time, a number of by-laws will be prepared for the implementation of this document.