Kremlin

President of Russia

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National Priorities:
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RESOLVING THE HOUSING PROBLEM |

[Priorities / Resolving the Housing Problem] |

2004

May 26
2004

All levels of executive power should aim for a situation when by 2010 at least one third of citizens can buy an apartment that meets modern requirements, using their own savings and with the help of housing loans, President Vladimir Putin announced in his Address to the Federal Assembly.

Financial mechanisms are required which make it possible to improve housing conditions not only using people’s current incomes, but also their future incomes. Clear legal conditions are required for the development of long-term housing loans.

Mortgages should become accessible for people with average incomes. Forms of financing should be developed such as citizens’ participation in shared housing construction and housing saving programmes.

It is necessary to destroy monopolies on construction markets, to ensure property rights of bona fide purchase of housing, and to establish order in the sphere of providing social housing.

Additional measures should be examined on special support of individual categories of citizens, especially of young families.

| Address to the Federal Assembly of the Russian Federation

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