Matviyenko Calls for Tighter Targeting of Russia’s Family Mortgage Program

She urges region‑based issuance with lower rates for larger families to steer support to those who need it.

Overview

At a Council of Legislators meeting, the Federation Council chair said current lending rules fall short of the program’s goals of boosting births and improving family housing.
She advocated prioritizing loans in a family’s home region to reduce migration toward Moscow and other major agglomerations.
Matviyenko referenced a parliamentary proposal to link subsidized rates to the number of children to encourage larger families.
She cited cases of borrowers securing multiple concessional mortgages, which she said contradicts the program’s aims and pushes up housing prices.
She stressed that preferential loans should go to households genuinely needing state support, while noting that families remain free to move between regions.