275 thousand Russian young families need housing
Over 2 billion rubles has been assigned to improving housing conditions for Russian young families, and in 2007-2010 3 billion rubles are to be assigned for this purpose annually.
This information has been presented by the head of market of moderate price housing development administration of Russian Federal Agency for building construction and housing and utilities infrastructure Sergei Barinov, who has noted, that at present 275 thousand Russian young families need housing.
Budget funds and mortgage lending funds for 182 thousand young families have been provided in the subprogram "Housing" for young people, Barinov has said. In 2005 programs on moderate price housing for young people were worked out in 73 constituent territory of the Federation.
The legislation provides that if a young family gives birth to a baby, then, participating in mortgage lending, it has the right for additional 5 % from "housing" funds from the budget.
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