For a townhouse. Mishustin expanded options for using maternity capital

The authorities have expanded the possibilities of using maternal (family) capital. Now the funds can be used to renovate the townhouse, the Russian Prime Minister said Mikhail Mishustin during a government meeting. The corresponding resolution was signed on April 11. The Prime Minister expressed hope that the decision will help families with children improve their living conditions.

“The President, in his address to the Federal Assembly, set the task of making housing under construction more affordable for families, for which the government provides an additional opportunity for citizens to use maternal capital to improve their living conditions. Now it will be possible to use such funds for the reconstruction of a house in a so-called blocked development, or, as it is more often called, a townhouse, and also to pay with maternity capital for construction work already carried out in such housing,” said Mikhail Mishustin.

Currently, at the birth of the first child, the family receives a state certificate in the amount of 630,380.78 rubles, at the birth of the second child – an additional 202,643.96 rubles, aif.ru said. Associate Professor of the Department of Public Finance of the Financial University under the Government of the Russian Federation Igor Balynin. Moreover, if family capital was not received for the first child (the child was born before 2020: then this program applied only to families with the birth of 2 children), then at the birth of the second child a certificate in the amount of 833,024.74 rubles will be provided.

“Funds can be used to improve housing conditions, to educate children, to create pension rights for a mother’s funded pension, to monthly payments, to social adaptation and integration of disabled children into society. As part of the use of funds to improve housing conditions, citizens have the opportunity to use them both for the purchase of residential premises, including as a down payment on a mortgage loan, and for its construction,” explained Igor Balynin.

The funds can also be used to repay the principal debt on the mortgage loan and pay interest on it, the expert clarified. In this case, the purchased housing must necessarily be located on the territory of the Russian Federation. “When allocating funds to children’s education, it is important to keep in mind that these funds can be used to educate other children of the certificate recipient. At the same time, in accordance with federal legislation, the age of the child for whose education funds can be allocated as of the start date of training in the relevant educational program should not exceed 25 years,” said Igor Balynin.

To receive a monthly payment from family capital, the average per capita family income should not exceed twice the subsistence minimum per capita established in the region of residence of the family, the expert emphasized. It should be noted that since 2021, the Pension Fund of Russia (and from 2023 – the Social Fund of Russia) independently collects information about the income of the applicant and his family members. The monthly payment is made in the amount of the subsistence minimum for children established in the region of residence of the family on the date of filing the application. The payment is provided until the child reaches the age of 3 years.

“The list of goods and services for which funds can be used for social adaptation and integration of disabled children into society was approved by Order of the Government of the Russian Federation dated April 30, 2016 No. 831-r. It is important to note that family capital funds can be directed either in the entire amount to one direction or distributed among several possibilities for their use,” the expert concluded.

Expert “People’s Front. Analytics”, director of the legal support center “Mama has the right” Victoria Rashina named the reasons why a family may be denied benefits. One of the most common is excess income. It is important to remember that when assessing need, not only income, but also family property is taken into account. Information on income is taken into account for 12 months, but this period begins one month before the date of application. To determine whether a family is eligible for payment, it is necessary to divide the income of all family members for the year in question by twelve months and by the number of family members.