OREANDA-NEWS  On 05 November was announced, that from now on, the Moscow city program Affordable Housing to Young Families scheduled for 2009-2011 stipulates a 30 per cent write-off on the cost of the flat after a baby is born in the family.

Earlier the debt was reduced by the cost of 10 sq m after the first baby was born, by the cost of 14 sq m after the second baby was born. If the third baby and subsequent ones were born, the parents’ debt was written off by the cost of 18 sq m of their flat.

“The amount of the debt set to be written off after a baby is born or a child is adopted by the family works out at 30 per cent of the living space, according to the contract, but it can’t exceed the rest of the undisbursed loan for the housing,” the program scheduled for 3 years to come said.

According to the document, if the family had three or more children before the purchase contract is concluded, a 30 per cent flat write-off on the cost of the living area, according to the contract, will be made.