Development Bank (VEB) and the Agency for Housing Mortgage Lending (HMLA) agreed to provide the bank 40 billion rubles by 9.5% per annum on the program "incentive." Under this program, loans are granted for the construction and purchase economy-class housing. On this state corporations reported in a joint press release. Funds are provided for up to 1 June 2020. VEB to lend HMLA take money from the National Wealth Fund (NWF) in accordance with the law "On additional measures to support the Russian financial system." Implementation of the program "Stimulus" will facilitate the timely completion of up to 2 million square meters of economy-class housing, the report said.
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