The Ministry of Construction and Housing and Utilities, together with the Ministry of Finance, is working on expanding the preferential mortgage program in the Arctic and the Far East, said Construction Minister Irek Faizullin during government hour in the State Duma.

“As part of the fine-tuning process that we are currently coordinating with the Ministry of Finance, proposals are being developed to expand the list of preferential categories in the Arctic, the Far Eastern Federal District, and the new regions. I believe that in the near future we will finalize these proposals together,” he said.

The Minister of Construction also noted that, starting April 1, the family mortgage program was extended to include the secondary housing market, covering, among other areas, the Arctic regions of Russia.