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MIL OSI Translation. Region: Russian Federation –

From September this year, the servicemen of the Volgograd garrison of the southern military district (YUVO), are participants in the cumulative mortgage system (NIS) of housing for military personnel, began to use state support of mortgage credits (loans) of the participants.

Thus, according to the decree of the Government of the Russian Federation No. 1170, dated September 7, 2019 government support measures are implemented in respect of the mother or father that is a borrower under a mortgage loan (a loan), at birth they have in the period from 1 January 2019 to 31 December 2022, the third child and subsequent children by full or partial repayment of a mortgage loan (loan) in the amount of not more than 450 thousand rubles.

In the Volgograd region on December 1, 2019 under the programme of housing for servicemen housing acquired more than 230 participants NIS. Of these, about 200 have become owners of apartments in the secondary real estate market, the two took part in share construction of apartment houses, 32 soldiers acquired a house with land. During the functioning of the NIS military personnel in the Volgograd region has concluded more than 3 thousand transactions on purchase of housing.

To date, participants in the NIS include more than 500 thousand troops of all the Federal Executive authorities in which the law provides military service. More than 230 thousand participants have become owners of residential premises under the program “Military mortgage”.

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EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure will not be perfect.

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