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Putin instructed to explore the link between mortgage rates and the number of children.

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•Russian media reported that President Vladimir Putin issued instructions to explore linking preferential mortgage rates to the number of children in a family.
•Authorities are expected to prepare proposals on differentiating preferential mortgage rates based on family size.
•Putin is expected to be presented with ideas for differentiating the preferential mortgage rate.
•Putin is expected to be presented with ideas for developing subsidized housing for families with children.
•Putin instructed the development of support measures for families of workers with children.
•Putin instructed the creation of an application intended to remind families about government support measures.

▸If the preferential mortgage rate is formally differentiated by number of children, then eligibility rules and administrative verification requirements for family composition would likely need to be expanded and standardized across participating lenders and agencies.