Preferential mortgages for the participants of the SVO may be launched in the summer

A new preferential mortgage program for participants in a special military operation (SVO) is likely to start operating in the summer of 2025, Anatoly Aksakov, head of the State Duma Committee on the financial market, told Izvestia. According to him, this will help support the housing market in conditions of a high key interest rate. Support will be targeted, so there is no risk of overheating, as from a mass program.

Measures and support: the State Duma is preparing new benefits for its veterans

Among the initiatives are a fourfold increase in monthly payments and a reduction in the retirement age.

Russian President Vladimir Putin instructed in May this year to create preferential mortgages for military families who participate in a special military operation.

The concept has already been developed in the State Duma, said Vladimir Koshelev, first deputy chairman of the State Duma Committee on Construction and Housing and Communal Services. According to him, loans will be issued at 2%. Recipients will be able to become both participants of the SVO and their spouses. In case of death of a person (and the absence of a spouse), military parents and adult children will also be able to apply for a loan.

The minimum initial payment is proposed to be set at 20%, and the loan amount limits will be similar to the family program — 12 million rubles for Moscow, the Moscow region, St. Petersburg and the Leningrad Region, and 6 million rubles for the rest of the regions.

There are more restrained expectations for the launch of the program in the upper house of parliament. The bill regulating preferential mortgages for members of the SVR will be adopted no later than the autumn session, Anatoly Artamonov, head of the Federation Council Committee on Budget and Financial Markets, told Izvestia. According to him, work in this area has just begun, but the transition from direct budget financing of mortgages for military personnel to a preferential mortgage mechanism is very likely.

Read more in the exclusive Izvestia article:

Adopt meters: preferential mortgages for CBR participants may be launched in the summer