Young families who have bought on credit through the State Housing Fund Youth Housing Assistance may be eligible for vacation credit in case of delay in entering the house in operation for more than six months, said Deputy Prime Minister for Regional Development, Construction and Housing Viktor Tikhonov .
According to the press service of the Tikhonova, appropriate changes made to the Cabinet on Wednesday in the Regulations on the provision of soft term loans to young families and single young people in the construction (reconstruction) and the purchase of housing, the Government approved May 29, 2001
According to a document on vacation credit can qualify for young families in the event of birth, marriage, death of a family member of the borrower.
"The amendments establish that the regional administration of the fund Youth Housing Assistance in case of birth, marriage, death of a family member of the borrower, as well as missing the deadline for acceptance into operation of the completed facility construction for more than six months may determine the loan agreement with the borrower grace period for payment of the principal amount, excluding interest on credit, for up to one year or until the adoption of the operation of such an object ", - said Vladimir Tikhonov.
He also explained that the reason for introducing these changes was an analysis of housing units being built as part of the state program for young people with housing, as revealed a significant number of homes whose construction is not even started, as well as homes in which the volume of work performed does not correspond to the amounts invested funds.
"It is established that the total number of borrowers young families who have received preferential government loans and invest in distressed residential buildings, is 668. The prospect of housing for the families for today is uncertain. The materials on such objects we passed the law enforcement agencies "- the minister said.
The total amount of funds transferred by borrowers customers construction of these facilities due to credit resources of state and local budgets, credit resources for lending to teachers, credit for commercial banks, capital of the Fund, as well as equity borrowers is 164.9 mln.