Russia to Grant Large Families 450 Thousand Rubles to Help Pay Off Home Mortgages

In Russia, until the end of 2030, they will continue to pay 450 thousand rubles to large families for full or partial repayment of mortgages.

Such amendments were approved by the Cabinet of Ministers, writes RTVI.

“Taking into account the high social significance of the implemented state support measure, the bill provides for an extension of the implementation period for the state support measure until December 31, 2030 (inclusive),” the commission’s materials say.

It follows from the documents that the implementation of the law will require 647.59 billion rubles.

This type of state support has been in effect since 2019 and applies to families where a third or subsequent child was born. The program was previously scheduled to end on June 1, 2024.