Maternal capital for improved housing in 2023: how to use, what rules, which means

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In the Pension Fund, countries noted that most citizens used maternal capital to improve living conditions; given that most Russian cities did not have housing available even to low-income families, the situation was predictable.Maternal capital for improved housingIt can be spent in several ways: by buying a house, taking a mortgage in a well-liked bank, paying off a mortgage already issued, or using it for the reconstruction of existing housing.

It is important to understand that such a loan is targeted, so if there is a need to buy a dwelling and a piece of land under it, it is only possible to use maternal capital to pay for the value of real estate.

The land needs to be paid from another source, the mandatory conditions for the use of funds: the purchased facility must be located exclusively in the territory of the Russian Federation.

Several legitimate options to spend maternal capital per square metre

Through social assistance from the State, family living conditions can be improved in several ways, all of which are described in detail in article No. 10 of FZ on State support for families with children.

There's another way to use maternal capital to improve living conditions is to buy a room in a dormitory or apartment. It's supposed to be a room, not a part of the house. After the transaction, the object becomes the property of the family, and the share is also required for the child.

How to obtain funds from the Pension Fund

It's only possible to use maternal capital in cash – that is, the funds are transferred directly to the bank's chosen account.

According to the law, cashing from an account is prohibited and punishable by a fine.Deletion- a one-time withdrawal of 25,000 rubles.

What needs to be learned about the process of allocating a percentage of children in a mother-to-child dwelling

This is permitted immediately at the time of the transaction or six months after the date on which the property rights are issued. The shares are allocated to the child, the holder of the certificate or his/her spouse.

In the case of a parent ' s residence, they are obliged to give the notary an obligation to allocate a written share to each of the children.

If the couple has another child before fulfilling this obligation, it will also need to allocate a share in the acquired real estate.
The law does not specify what percentage should be.

From a legal point of view, the allocation of the share can occur in several ways:

1. Draw up an agreement specifying the allocation of the share of real estate purchased for each child;
2. To make a contract to give a portion of a dwelling to a minor child.

There is no generally accepted requirement of how exactly to carry out the transfer process, so it is up to each individual to decide which option is more appropriate.An experienced lawyer might help.The parents can continue to dispose of the purchased object only after having obtained the consent of the guardianship authorities for various types of manipulation of the dwelling.

All about the process of acquisition of real property under the contract of sale

The transaction usually involves two parties: the buyer and the seller.

In the event that the purchase is made on the basis of maternal capital, the third party will be the Pension Fund, which will transfer the funds to the seller ' s account.

In essence, the deal is delayed – for only two months, the FP will "good" and translate.
A number of corrections would therefore be required to a typical sales contract:

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1. To indicate that personal funds are deposited before the signature of the document;
2. To write that the remaining amount is covered by maternal capital;
3. Add that after all the calculations, ownership is finally transferred to the buyer.

If a buyer's personal savings are added to its capital, the transaction will take place in two stages: first, it is necessary to register the real estate bond against the amount paid by the buyer. Once the Pension Fund has transferred the money, the encumbrance is removed and the buyer is able to register ownership.

Renovation and renovation of the residential home or its construction from scratch

This can be done both in-house and in-house by professional builders; if the family has built a house after 2006, it can also be compensated under the law.
If the owner of the parent certificate involves a construction contractor for the performance of the work, in addition to the documents proving ownership of the dwelling, the PF must provide a contract with the construction contract. On the basis of this document, the PF directly transfers funds to the organization ' s account without cash.

In the case of self-building, a step-by-step payment of maternal capital is made, the funds are not transferred immediately in full. Fifty per cent of the required amount can be recovered prior to the commencement of the construction work if the applicant prepares a package of supporting documents for the Pension Fund:

• A document on ownership of a plot or the right to use it temporarily (rental agreement or free-of-charge). If renovation of a house is required, a certificate of ownership;
• Authorization to start construction or repairs;
• A statement from the bank (account statement) showing the claimant ' s balance sheet as to the amount of money required.

In order to obtain compensation from the PF for the work done, it is necessary to maintain an expenditure register and keep all the documents and cheques, which will be reviewed by the Fund ' s staff and then may decide to refund the cost of the parent ' s capital or refuse to issue the funds.

Pay attention!The renovation of the premises refers to an increase in his living space by the construction of annexes or a second floor.

Many banks are willing to see maternal capital as a guarantee in the issuance of mortgage loans, such as Sberbank, Deltacredit, VTB and other financial and credit institutions.
For an application to be approved, the family must meet a number of conditions:

1. A good credit rating, a steady job with stable white income;
2. A share is required for each family member in the housing purchased;
3. The loanee must have a certificate from the Pension Fund stating the amount of the balance of the mother ' s capital in the account.

The loaner has the right to use the funds from the maternal capital account to pay monthly contributions on a prior mortgage loan. The partial early repayment of the debt implies that the balance of the debt must be deducted.
This can be done in two ways:

1. The loan period remains unchanged, while the monthly payment is reduced, thus reducing the burden on the family ' s budget;
2. The repayment period is reduced by leaving the previous monthly payment; the method is faster to pay the debt by saving on overpayment.

In order to repay part of the mortgage debt, it is necessary to start by contacting the bank in which the housing loan is issued and to know whether they are willing to accept the funds from their mother ' s capital.

The lender will issue a certificate indicating the amount of the principal debt and interest on the contract.

Her and the application must be submitted to the Pension Fund, after which the applicant shall be notified in writing of the decision.

If the answer is yes, the funds will be transferred directly according to the details indicated in the documents.

Next, the lender will have to go back to the bank, where it is required to write a statement of willingness to pay the debt in part or in full, using maternal capital for this purpose.

If the repayment is partial, the bank calculates the amount of the debt, creating a modified payment schedule for the client.

As a result, maternal capital has been, and remains, the best solution by which family living conditions can be improved. There are several options for using it, so each family has the right to choose the right one.

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Improvement of maternal housing

A special programme implemented in 2007 helps families with many children to gain financial stability, and the size of the state ' s aid currently stands at 4,53026 roubles.

One way of using a certificate of maternal capital is to improve housing conditions, and the reasons, nuances and reasons for obtaining financial support are clearly laid down by law.

What exactly is considered to be an improvement in housing conditions

The law allows the use of the mammary for any sale that has been legally conducted; first, the family must decide and justify how it intends to invest in an apartment, house or share.Buying or expanding housingmust be the result of the deal.

The Housing Code establishes several categories of real estate defined as "accommodation":

• Room;
• A dwelling or apartment;
• a part of a dwelling or apartment.

The second step will be the decision to wait.Child ' s 3 years of ageor spendcapital at onceThe following restrictions are defined by law:

1. Use of mother ' s capital immediately (up to 3 years of age)only for mortgage housing(or repayment of a mortgage taken prior to the birth of the child).
2. After three years, the family will be able to spend money.for any purposeThe restriction requires parents not to place a child in a children ' s home after receiving early social assistance.

Features of the conclusion of the contract of sale

Housing can be improved in two ways:

1. To pay the full cost of the uterus;
2. Add its funds to the certificate amount.

As a result, the contract of sale involving the MC has several special clauses:

• The amount to be paid by the family from its own funds;
• The amount to be paid with maternal capital;
• Purchase by the buyer of ownership of the dwelling only upon receipt by the seller of the MC.

Buyer and seller mustCertify consent in writingIn several stages of the transaction:

1. The address to Rosreister,registration of real estate collateralAmount paid from the buyer ' s personal funds.
2. The seller ' s receipt of a transfer from the Pension Fund,Disbursement of bailand the registration of the buyer ' s ownership.

Buying a house

Federal Law N 5242-1 stipulates that not every home is a dwelling.Not enough.In order for the FP to authorize the use of funds, the house must be safe, comfortable and sanitary.

• locationin a residential villageIn the territory of Russia (it is not possible to buy a single house standing on its own);
• the house must haveConfirmed status of individual construction facility;
• heating, sewage, water supply and electricity supply systemsWork year round;
• Depreciation of real estateUp to 50%.

If the FP authorized a residence permit, there are no other territorial restrictions on the use of the certificate.Construction Commissionthe conclusion of which will be the basis for the extradition of the MC.

Construction of the house

The family has the right to build a house on its own, to attract the services of construction organizations or to use the mother ' s capital to recover the costs of the built housing (if the construction took place)After 2006).

If the family has taken advantage of the services of the organizations, a construction contract is used as the basis for obtaining the mammal, and it indicates the account of the company to which the funds will be transferred.

If the family is building on its own, the funds will not be received immediately:

• Before the building of the house, the familywill get 50%.having come to the RPF and provided the following documents:
  • proof of ownership of the permanent use of the site, or
  • a certificate of registration of ownership, or
  • Confirmation of ownership of the use of the facility if it is part of the ISS;
  • A certificate on the opening of the bank account to which the funds will be transferred;
  • A permit to build a house.
• second 50%You can get it.6 monthsif the main construction work has already been completed (confirmed by the RPF commission, at least walls and roofs must be built).

The land area must be purchased for ISS (individual housing) and registered in accordance with the rules of the Russian Housing Code.You can't buy a plot.only to build a house on it.

If the family built the house from its own resources, it was entitled to recover the costs through the MC, which required the retention of all receipts and their transmission to the Pension Fund, and staff members would study the documents and decide on each of the individual receipts.

Supplementary information

Buying an apartment

The most popular method of using maternal capital is the purchase of secondary housing, which can be done in two ways:

1. Wait for the child ' s three-year anniversary;
2. Take the mortgage and spend the MC on the first contribution or its repayment.

If the family wants to use the funds at once, the mortgage agreement must specify that the family is going to purchase housing, which is transferred to the RPF. The contract also specifies how long it takes for the bank to transfer the mortgage to the seller.2 months laterAfter the RPF has approved the application.

The family must bear in mind thatFirst 2 monthsOnce the mortgage is received, it will pay the interest itself and then use the MC. There are certain obstacles to making such a transaction:

• Not all financial organizations issue a mortgage to be paid by MC funds;
• The user may apply to consumer credit cooperatives, but they take a higher percentage.

If the childOver 3 yearsThe principal nuances of this transaction are:

1. The buyer will not settle with the seller immediately, as must be specified in the contract.
2. The seller has the right to requestCertificate balance certificateThe certificate is issued by RPF officers on presentation of the passport.
3. The contract shall specify when the right to property passes to the buyer:
   1. Immediately after the signature of the treaty, without waiting for the transfer of funds from the MC;
   2. When funds are transferred to the seller ' s account.

It is in the buyer ' s interest to choose the first way, if the seller agrees to such terms, but the second carries certain risks if the RPF does not transfer the money and may insist on the transfer of ownership after the transfer of the sum; these matters are negotiated in advance and are specified in the sales contract.

The seller has the right to add a clause onTime frame for the buyer ' s application to the RPFAs a rule, it is provided for the transfer of maternal capital.10 calendar daysIn case of breach of contract by one party, the other party is entitled to cancel the transaction.

Supplementary information

• How to buy an apartment for a mother's capital is described in detail in this material.

Buying a share of the apartment

There is.2 situationswhere the law authorizes the acquisition of maternal capital for the purchase of a share in the dwelling, and the amount of such capital is not determined by law:

1. The percentage is a separate room (e.g. a room);
2. If the entire premises become the property of the buyer after receiving the share.

Living is called a room,relevant technical and sanitary standardswhich is suitable for the safe stay of citizens, often in a multi-room apartment there is one or more rooms.

Share in the new structure

The share in the new structure means the use of depositors ' funds for the construction of multi-family housing, usually cheaper than the share of the dwelling in secondary housing, and citizens need to have a specified amount of equity participation (or agree that some of the funds will come later from the RPF).

Since the money is not borrowed and the family has obligations to the developer rather than the bank, the MK will deliverfor the child ' s 3 years of ageThe family may agree to contribute some of its funds and some of its social assistance.

The contribution is authorized in two ways:

1. Have property, after which the family will pay the difference between the value of the dwelling and the partial payment of the MK;
2. There are savings that are added to the MC.

If their resources are insufficient, the family has the right to:

• Set up a mortgage, pay for it.First contribution from maternal capital;
• Agree with the developer aboutto schedule paymentwith the late issuance of a certificate for the payment of the amount under the equity contract.

Buying an apartment in a cooperative

There are three types of cooperatives that allow for the purchase of real estate:

• Housing or housing;
• Housing, savings or VNC;
• Housing building or HKS.

The aim of the various types of cooperatives is to help the participant to buy housing, but the way in which they can be achieved is different. Some cooperatives provide for the use of the funds of other members, while others provide for assistance in saving the necessary amount. Federal Act No. 215 of 2004 provides for the use of the funds of other members.Rules of operationThese organizations, including:

• They arenon-profit associations;
• Decisions takenby all participants;
• Funds are made available from their own fund, thus ensuring independence from the Central Bank;
• The funds are issued under a contract similar to that of a credit bank.

Joining a cooperative has several unique advantages:

1. They require fewer documents and evidence;
2. Contributions and admissions are often lower than interest on the mortgage contract;
3. The right to participate in the activities of the cooperative;
4. Monthly payments are calculated taking into account the family ' s capabilities.

The main disadvantage is the ability to live in a bought dwelling only when it is50 per cent of its value paidThe family will have the right to own their property.after payment of the full amount.

The Act stipulates that the time of return of the total amount may not exceed the period of savings1.5 times. When the child reaches 3 years of ageThe family will be able to send the certificate funds in order to pay off the debt on time and become the owners of the dwelling.

Buying a room

At the legislative level, a room is called a part of a built building of a certain size, which was built for the safe and comfortable living of citizens, and in standard apartments the rooms are rarely considered to be separate property, often referring to a communal apartment or a private dwelling.

Article 92 of the Russian Housing Code stipulates that the use of maternal capital for the purchase of a room in a dormitory that is not subject to exclusion and is not a special fund is prohibited; if the dormitory is officially part of a private housing stock, the purchase of a room is permitted.

The contract of sale must contain the following provisions:

2. The interim period provided to the buyer for the use of the RPF and for the transmission of documents, for example, it may be indicated that until the full amount is paid, the seller will remain entitled to the room.

Repair and renovation

Refurbishment with maternal capital is available onlyfor the child ' s 3 years of ageWhen performing work ahead of schedule, the family may retain cheques and obtaincompensation after 3 years.

The financial institutions provide funds for the reconstruction work but cannot repay it early at the expense of the MC; early State support is intended for the construction or purchase of real estate.

Renovation is not considered to be the replacement of pipes, finishes and flooring of the park. It is not possible to spend MC on these works.Increase in residential space.

Supplementary information

• The use of MC for repair and reconstruction is described in this article.

Children ' s share

The certificate is not issued for a specific person but for the entire family, so when housing is improvedeach member of the family must receive a shareParents sign and assure the notary of the obligation to make real estate available to all, including minors, and the family is defined by law as follows:

• Mother of children;
• Her husband (he may not be the biological father of the child);
• Every child, including unborn children, if they appear at the time the property is processed.

The family has the right to share the shares, the most important thing is that every person has to get12 square metresAs minors are dealt with by the guardianship and guardianship authorities, they will ensure thatPercentage of childrenThere was no less than the share that they would have received if the division had been equally divided.

Citizens do not have the right to sell, give or change property acquired under a certificate if each member of the family has not obtained his or her share; this restriction is required to prevent fraudulent acts using public funds.

Use of certificate in buying housing

Because the treaty isbetween the 3 partiesif State support funds are used (seller, buyer (family), pension fund), the transaction has certain features:

1. The buyer submits documents to the RPF as stipulated in the contract;
2. The seller agrees to wait for RPF to transfer funds to its bank account;
3. The right to property is always divided into every member of the family.

In order to comply with all the conditions, the treaty specifies the following paragraphs:

• The buyer agrees to approach the RPF within a certain period of time;
• The seller agrees to receive a deferred payment;
• The parents sign an obligation to share ownership of all when they move on to them.

Parents will fulfil their obligation to children when documented shares are registered.Up to the age of 14The disposal of property will be possible with the consent of the guardianship and guardianship authorities.

How RPF transfers funds

After the sale, the applicant applies to the RPF (or sends a representative), writes a statement on the disposition of the funds of the mother ' s capital, gives evidence of the reasons for the receipt of social assistance.

• The RPF has 10 days to consider the application and take a decision;
• If it is negative, the applicant shall receive the reasons for the refusal and the means of eliminating it;
• If it is positive, funds will be received from the seller or financial organization2 months.

During these two months, the applicant maywithdraw papersThen the mother's capital will remain untouched and available for future use, and the family will not be able to receive cash except in cash.One-time payment of 25,000 roublesAll other transactions are carried out on a cash-free basis.

Improvement of housing conditions is the most popular way to apply the certificate, and if there are grounds and conditions, RPF staff will approve the application and deposit the funds in a non-cash manner to the seller ' s account.

How to spend maternal capital on improved housing in 2023-2020

Full explanation of "how to spend maternal capital to improve housing conditions in 2023-2020" from a professional lawyer with answers to all questions of interest.

Maternal capital is a one-time State support measure for families, which is provided in the form of a specific certificate on the birth or adoption of a second child as from 1 January 2007.

In 2023, it would amount to453026 rublesThe size of the certificate has not changed since 2015, when it was decided to suspend the indexation (first for one year and then until 2020).

Next time, the amount of capital will rise.1 January 2020- up to 4,70241 rubles.

As of 2018, no new maternal (family) capital (MC) targets will be added and parents will be able to administer the following certificate:

Next time, the mother capital will be indexed.1 January 2020The certificate will increase from 450,000Up to 470,000 rubles.

The last indexation was in 2015, when the amount of the mammal increased.5.5%.

It was originally planned that the freeze would last one year, then in December 2016, Vladimir Putin signed a law to suspend the revision of the size of the ICN with effect from 1 January 2016.1 January 2020The reason for this solution was the precarious financial and economic situation in the country.

From the beginning of the programme (from 2007) until 2015, the indexation of maternal capital was carried out every year, during which time the certificate almost doubled —From 250,000 to 453026 rublesThe biggest promotion wasin 2009that's when the value of the uterus went up.13%and the smallest2014- Total5 per cent.

Indexation increases not only the amount of newly issued certificates, but also the unspent balance on previously issued certificates.

Maternal capital in 2023 per second child

Maternal capital in 2023453026 rubles.

Once regular indexation is returned, the mammary will rise first.up to 4,70241 roubles- in 2020 and thenup to 489051 roubles- in 2021.

These figures are based on an explanatory note to the draft Federal Act on the Pension Fund Budget for 2023 and the planning period 2020-2021.

The renewal of indexation since 2020 was confirmed by Tatiana Golikov, who spoke at the meeting of the Tripartite Commission on Social Affairs on 24 July 2018, but no specific figures on the size of the certificate were given (now they are available).PreliminaryThe Vice-Premier noted that the annual indexation of the ICN was an integral part of the Demography project.

Where can maternal capital be spent in 2023?

Use of family capital funds in 2023 can be made in the following areas:

1. Improving housing conditions(for own money, including the funds of the uterus, or with credit):
   • Purchase of housing;
   • Construction or reconstruction of housing.
2. Children ' s educationin licensed organizations on the territory of the Russian Federation:
   • Paid educational services under educational programmes (accreditation is no longer required);
   • Pre-school education of the child;
   • Housing and public utilities are paid while living in a dormitory while studying.
3. Formationof the mother ' s pension savings.
4. Social adaptation of children with disabilities(purchase of funds and payment of services).
5. Monthly paymentsFor needy families, where a second child was born on 1 January 2018.

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As can be seen from the list above, there will be no new ways of spending ICN in 2023, and they will remain the same as in 2018.

According to article 7 of Act No. 256-FZ, it is possible to dispose of the means of the certificate.3 years laterAfter the birth or adoption of a second (subsequent) child, however, for use by the ICN for certain purposesWait 3 years You don't have to.among them:

• Purchase or construction of housingCredit contract processingThe funds may be used to pay the initial contribution as well as the principal debt or interest on the loan.
• Pre-school education for childrenSince 2018, it has been possible to pay for the maintenance of a child ' s kindergarten, crèches and other child care and care services from 2018 onwards.as soon as the right to the ICJ arises.
• Payment for 2nd child. Families in need (the average per capita income per month does not exceed the subsistence minimum for the working population), in which a second child was born or adopted as from 01.01.2018, have the right to issue a monthly benefit from the funds of the mother ' s capital.
• Social adaptation andIntegration of children with disabilitiesA list of funds and services authorized to be spent by the ICN was established by Government Order No. 831-r of 30 April 2016.

Although the amount of maternal capital will not increase and new uses will not be added, there will still be some in the programme in 2023changes:

• Russians will be able to build housing in 2023.DwellingsThe concept of "deliverable" will be abolished, and the plots will become gardens of land (USA) and the relevant Act No. 217-FZ of 29 July 2017 will enter into force.1 January 2023.
• The first reading was passed through Bill No. 517377-7 amending article 5 of the Maternal Capital Act, under which the Pension Fund ' s decision to issue a certificate would be reduced from 1 month to 1 month.Up to 15 days.

The lack of tangible changes in maternal capital in 2023 was partly due to the high number of womeninnovation in 2018:

• Introductionmonthly allowanceIn the amount of the subsistence minimum for children (the size depends on the region) for the second child who has been born into the family since 1 January 2018;
• The pre-school education of children can now be financed from family capital,without waiting for three years.From the moment of the birth of the right to uterus;
• The federal programme has been extended at a minimumby the end of 2021.

Read the same: Second citizenship

There will be no indexation of maternal capital in 2023; it will remain equal453026 rubles.

The next indexation will take place only.in 2020the final sum of the certificate for the mammary will be470241 rubles(this is derived from the draft characteristics of the Pension Fund budget) The programme itself will operate at a minimumby 31 December 2021.

However, some changes will still be made to the programme:

• The decision on the issuance of a certificate of maternal capital will be halved,1 month to 15 days.
• Since 2023, families will be able to legally use the uterus to pay for the construction of a dwellingon gardens (formerly long-term) of land.

The maternal capital programme provides for annual indexation of the amount of the certificate by the amount of projected inflation.in 2016The Government ' s decision was justified by the country ' s fragile economy.

The annual indexation will be resumed from 1 January 2020; according to a forecast from the Ministry of Economic Development, inflation will be achieved in 2020.3,8%in 2021-4%As this level is significantly lower than in previous years, the ICN certificate will not increase so much.

As noted above, capital will be available in 2023453026 rublesIn 2020, the certificate amount after indexation will increaseUp to 470,000 roublesas reported for the first time by RBC, referring to the draft outline of the RPF budget for 2023, as well as the 2020 and 2021 planning periods.

The Vice-Premier stated that the annual increase in the amount of the certificate per mammary is an integral part of the national project "Demography".

However, no specific figures on capital stock were provided, as these values could still be adjusted in 2023.

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The following table shows the level of maternal capital in different years:

What can maternal capital be spent on in 2023?

In 2023, the uses of the mammary will remain unchanged. As in the past, the means of the certificate can be used for the following purposes:

• Improvement of housing conditions;
• Education fees for children, including pre-school education;
• Increase of the mother ' s accrued pension;
• Compensation for the cost of the purchase of social adaptation funds for children with disabilities;
• Monthly payments for the second child in a family born after 1 January 2018.

You can apply to the Pension Fund for disposal.Three years laterHowever, it is not necessary to wait three years for the use of capital in certain areas, among them:

1. Improving housing conditionsby means of credit:
   • Payment of the first loan (loan) contribution, including mortgage;
   • Payment of the principal debt;
   • interest on the loan (loan).
2. Earnings for pre-school educationas well as child care and care services.
3. Monthly payments from ICNHowever, only the families in which the second child was born as from 1 January 2018, provided that the monthly average per capita income of such a family does not exceed the subsistence minimum for the working population (established for each particular region).
4. Purchase of goods and payment of services forfor the social adaptation of children with disabilitiesThe certificate can only be used to compensate for the costs of goods and services that have already been acquired, and the list is submitted to the Government No. 831-r of 30 April 2016.

No significant changes are foreseen in the maternal capital programme in 2023; the conditions for certification and permitted uses of the ICN will remain the same.

It is also worth noting that Act No. 217-FZ of 29 July 2017 on gardening and horticulture for personal use, which introduced several important changes, entered into force on 1 January 2023:

• The notion of "deliverance" is abolished at the legislative level;
• It will be possible to build a residential homeon a gardened plot of landif such a structure is not a garden house or an economic building.

The absence of significant changes in the mammary programme in 2023 was largely due to the high number of innovations in 2018:

• Introduction of monthly payments for a second child up to the age of one and a half years;
• The possibility of paying for the pre-school education of children without waiting for three years from the date of the birth of the right to a mother ' s education has been added;
• Extension of maternal capitalUp to and including 2021.

A mortgage subsidy programme has also been introduced for families with a second and (or) subsequent child as of 1 January 2018.

Parents will be able to obtain a mortgage or a concessional loan —6% annual(at the discretion of the bank, a lower rate may also be offered).

Although this social support measure is not directly related to maternal capital, the participants are ICN recipients.

Maternal capital in 2023 — size and latest changes

The level of maternal capital will remain unchanged in 2023.453026 rubles.

The next indexation will take place in 2020, after which the certificate will growup to 4,70241 roubles(This figure follows an explanatory note to the draft Pension Fund Budget Act for 2023).

The federal program will continue.by 31 December 2021(if not extended in the next years).

Read the same: The Prosecutor has the right to intervene

The authorized expenditure lines will remain the same as in 2018:

Maternal (family) capital (MC) to be indexed in 2023Not gonna happen.Although a regular increase in the amount of the certificate in the light of the rate of inflation is provided for in the federal law on mammary (art. 6, para. 2), due to the country ' s economic crisis, the size of the ICN was determined by the country ' s economic crisis.frozen in 2016-2019.

During the period in which indexation was carried out every year (from 2007 to 2015), capital grew by 81 per cent —from 250 to 453,000 roublesThe most significant increase occurred in 2009:13 per centand the minimum in 2014 -5 per cent.

For the first time, the end of the freeze was reported at a meeting of the Government in June 2017, during which Dmitry Medvedev announced the indexation of the mammary, and then in autumn 2017, Vladimir Putin described the extension of the federal program.Up to 31.12.2021

Maternal capital for improved housing

Since 2007, the State has been providing assistance to families with children by providing them with maternal capital (MC), and more than 90 per cent of families participating in the programme have since contributed to the improvement of housing conditions.

What is considered to be an improvement in the housing conditions of maternal capital

In everyday life, the improvement of housing conditions is most often understood to mean the expansion of the living space occupied by the family, which is particularly acute with the increase in the family. Resolution No. 862 of 12 December 2007 of the Government of the Russian Federation provides for the use of maternal capital related to housing as follows:

• Acquisition of accommodation;
• Construction or renovation of an individual dwelling, including the spouse ' s;
• Compensation for the cost of construction or reconstruction of the dwelling, including the property of the spouse;
• Acquisition of a share in the construction of the multi-family building under the equity contract (values are recognized as an isolated dwelling);
• Contribution on admission to a housing cooperative.

At the same time, it is only possible to buy or build housing on the territory of Russia.

Buying an apartment, buying a house.

It is not permitted to purchase a dwelling with the participation of the MC in an old, emergency, uninhabitable building with a wear and tear of more than 50 per cent.

An individual home should be located within a built-up area in order to ensure that children have access to education and health facilities.

Housing standards approved by the local municipality must be complied with for the housing to be purchased.

The purchase of housing from relatives is often used to "cash" mat.The Pension Fund is therefore critical of such transactions by carefully reviewing the conditions of family relocation, residence registration, the transfer of premises, and the conversion of personal bills to utilities.

It is not possible to purchase land under construction with MC funds; the purchase of land is subject to a separate contract; the RPF will check whether the value of the land is included in the sale price of the house by means of an estimate of the market value of each facility; once the fund has been approved and an agreement with the seller has been reached, the transaction can be processed.

Real estate construction or reconstruction

A dwelling can be built on mother ' s capital, and it must be a separate, low-storey (up to three floors) individual housing construction facility (IWV), and the family must be able to live in it continuously and throughout the year.

The house must be equipped with heating and electricity, and the condition for the allocation of money is that the holder of the certificate or his/her spouse has a land to build and that he/she can own it on any legal basis.

A building permit must also be obtained from the municipality.

Renovation is the construction work that changes the parameters of the building, which is an increase in the space, decking, refurbishment or replacement of individual structural elements.

The MC can only be spent three years after the birth of a second or subsequent child, but work can be started without waiting for this period, and capital can be recovered later.

The following conditions should be met by MC in order to recover costs:

• The house must not be purchased before 1 January 2007;
• Reconstruction completed after 1 January 2007

The date of the purchase of the renovated object is irrelevant.

It is not possible to repair the room with the help of the MC.

Mortgage lending

If the family does not have sufficient savings to buy or build housing, even with the participation of maternal capital, mortgage credit may be the source of additional funds; the mortgage is a form of long-term credit with a lower interest rate than consumer loans.

Both the holder of the certificate and the spouse may make the loan equally if they are married. Loans may be repaid by mat. capital only if they are intended to improve living conditions. The purpose of the loan is specified in the contract.

If the family has chosen to use the mortgage, the credit institution is selected first; the following circumstances should be taken into account in the selection.

Only financial institutions whose activities:

• is carried out in the territory of the Russian Federation,
• is regulated by Federal Act No. 395-1.

If the family plans to pay the mortgage with MC funds, it would be better to agree on a list of banks with the Pension Fund.

The following step compares the lending rules of the various banks: the maximum amount of credit, the interest rate, the time limit for repayment, the pledge, the cost of collateral insurance, the possibility of debt restructuring, from which the conditions most suitable for the particular borrower are selected.

A number of standard requirements apply to the borrower:

1. 21 to 75 years of age: When the borrower reaches the upper limit, the credit period should end rather than begin;
2. At least one year ' s service and at least six months ' service at the last place;
3. the availability of security for the repayment of credit.

When considering a specific application, the bank may impose additional conditions, for example, on a borrower who has reached retirement age, requiring insurance of his life and health in favour of the creditor: if the borrower dies or loses his capacity to work, the balance of the debt will cover the insurance payment.

The lender must have a minimum of its own funds for the initial contribution, usually between 15 per cent and 50 per cent of the cost of the planned purchase, and the MC funds are the source of such a contribution for the certificate holders.

Banks are more loyal to borrowers whose income is on the payroll, and the bank is entitled to refuse to approve a loan without an explanation.

When the family selects a bank suitable for itself, it applies for a bank form and supporting documents.

Disbursement of housing or loan

The MC can be used for credit calculations:

• To make an initial contribution on the loan received to improve housing conditions;
• To cover the already existing debt for a loan used for the same purpose.

The first way isn't comfortable for the seller, he's gonna get paid for the real estate sold with a lot of delay.

The use of the MC for the first contribution is specified in the loan contract; the bank may require that a portion of the contribution, 5 per cent or more, be made by the borrower ' s personal savings.

Early repayment of an earlier loan with MC funds is very convenient and beneficial to the debtor and should not be objectionable to the creditor. By that time the settlement had been completed with the seller, the transaction had been registered, the Pension Fund had approved payment, and only the bank and the borrower remained.

The lender shall notify the bank of the intention to repay the loan with MC funds and submit to the RPF an application for the disposition of the funds of the mother ' s capital with the documents of the loan; if granted, the money shall be transferred by the fund to the loan account of the borrower.

The bank cancels the current interest on the loan, and the remaining amount pays off the principal debt.

The borrower then chooses one of two options:

1. Maintains the procedure for repayment of the loan established upon conclusion of the contract and continues to pay monthly contributions at the same level; this will enable it to calculate the loan in advance of the contract period and save by interest.
2. If the payments set out in the original schedule were too burdensome for the borrower, he asked the bank to recalculate them within the duration of the contract.

In the case of a certificate holder, the use of maternal capital to settle a loan has the advantage of not having to wait three years; the money can be spent as soon as the obligations arise.

What kind of documents are you looking for?

Name of documents	Rostreister	RPF	Bank	The guardianship and guardianship authority
Represents seller
Certificates of State registration of the rights of all owners	+	+	+	+
The legal act by which the seller or sellers acquired the real property sold	+	+	+	+
BTI certificate, technical or cadastral passport	+	+	+
Exit from the State Real Estate Register with a time limit of not more than one month	+	+	+
Marriage certificate if the apartment in the marital property	+	+	+
Notarized consent of the spouse to the removal of the share if the dwelling is marital property	+	+	+	+
Approval by the guardianship authority for the sale of children ' s shares	+	+	+
Represents buyer
Mother ' s Capital Certificate	+	+	+
Application for disposal of MC funds	+
Parents ' obligation to allocate children ' s shares, Certified notarized	+	+	+
Credit contract (if secured by a real estate security purchased by the MC)	+	+	+
Evaluation report	+	+	+
Notarized consent of the spouse to the security of the home purchased	+	+
Authorization by the guardianship authorities for the deposit of property with children ' s shares	+	+
2-NDFL or bank form certificate	+
Source of income: Workbook, employment contract for employees; State registration certificate and tax declaration, with the tax authority ' s certificate of receipt for the individual entrepreneur; A certificate for a lawyer and an order of appointment for a notary should also be submitted, together with a tax declaration indicating that it has been received by the tax authority; Reports on the amount of pensions and other social benefits for pensioners and recipients of social benefits	+
Land documents	+	+
Authorization for construction or reconstruction	+	+
Pension Fund statement on MC fund balances in the borrower ' s account	+
Represent both sides jointly
Passports and birth certificates of all parties to the transaction	+	+	+	+
Preliminary sales contract	+	+	+
Final sales contract	+	+	+	+

Many documents are duplicated but duplicatedoriginals should not be manufactured in multiple copiesSufficient copies are needed. Originals are presented to officials to reconcile copies and remain in the hands of the parties to the transaction.

The authorization of the guardianship authority shall be issued by the buyer if the mortgage is used for the purchase of the dwelling and is secured by the guarantee of the property to be purchased.Even if their shares have not yet been allocated.

Exit from the EGRN and authorization of the guardianship authorityvalid monthThis should be borne in mind in order to avoid having to process them for a second time; the duration of other documents is unlimited.

If the work is done without a contractor, the documents to be submitted to the RPF for payment should include primary expenditure documents to confirm the acquisition of construction materials.

The list is not exhaustive; the bank and the guardianship authority may also request other documents.

When the Pension Fund transfers money to improve housing

The decision to allocate the money is made within a month, regardless of the method of improving the housing conditions chosen by the holder of the certificate. Once the decision is taken, the fund transfers the money for the following purposes within 10 working days:

• For the purchase of housing to the seller;
• An introductory contribution to a cooperative of which the holder of the certificate wished to become a member;
• Contribution under the equity contract to the construction owner or his authorized developer;
• :: For work at the ISS facility of the contracting organization;
• The mortgage is paid to the creditor.

If the construction work was carried out on its own without the involvement of the contractor, the money is transferred in another way; 50 per cent of the MC funds held by the claimant is transferred first; the balance is transferred after six months, subject to the following requirements:

• The basic works in the newly constructed house have been completed: the foundations, walls and roofs have been built;
• The area of the site being reconstructed has increased by at least one living space reference point.