Families in Kamchatka to receive mortgage compensation, benefiting at least twenty households.
In Kamchatka Krai, a regional program aimed at improving housing conditions for eligible residents has been active since 2013. The initiative, designed to address the housing needs of local residents, provides support for the repayment of initial mortgage payments.
The program is available to large families, budget sector workers, and Kamchatka residents whose homes have been affected by emergencies. To be eligible, one typically needs to be a resident of Kamchatka Krai, a first-time homebuyer, or a family meeting certain income thresholds. There may also be requirements related to employment stability or family status.
The calculated housing cost in Kamchatka Krai is determined by two factors: the average market price per square meter and the living space norm. For an individual, the living space norm is 33 sq.m, while for families of three or more, it is 18 sq.m per person. As of the IV quarter 2024, the average market price per square meter in Kamchatka Krai was 158,928 rubles.
Artem Firsov, Minister of Construction and Housing and Utilities of Kamchatka Krai, confirmed the program's availability. The amount of the initial mortgage payment for Valentina Baranova, a large family mother, was 4,495,000 rubles, representing 30% of the calculated housing cost.
The program is estimated to benefit at least 20 families in 2025. Since its launch in 2013, up to 2024, 437 applicants have received this payment. For Valentina Baranova and her family, owning a home provides stability and faith in the future.
The program is funded by the regional government and aims to improve housing conditions for eligible Kamchatka Krai residents. With this support, families like Valentina's can now raise their family, spend evenings, weekends, and holidays in their apartment.
For precise details on the eligibility rules and grant amounts specific to Kamchatka Krai, it is recommended to consult official regional government websites, local housing or social protection departments, and state-backed banks involved in mortgage lending, such as Sberbank, which often cooperate in such programs.
The program, funded by the regional government, not only provides support for the initial mortgage payments for eligible Kamchatka Krai residents but also aids in the repayment of these payments, thereby impacting the financial aspect of homeownership. To be exact, Artem Firsov, the Minister of Construction and Housing and Utilities, confirmed that the program had helped reduce the initial mortgage payment for Valentina Baranova, a large family mother, from the calculated housing cost of 4,495,000 rubles to a more manageable 30%.
