Thousands of Affordable Loans Approved in Yakutia Region
Far Eastern and Arctic Mortgage Program Boosts Housing and Development in Russia's Far East
President Vladimir Putin initiated the Far Eastern and Arctic Mortgage program in a bid to support young families, attract specialists, stimulate housing construction, and foster socio-economic development in the Russian Far East and Arctic zones.
Since the program's launch, significant progress has been made. As of 2025, over 2,241 loans worth 13.6 billion rubles have been issued in Yakutia alone, with residents receiving a total of 29,639 loans. Yakutia ranks second in the number of issued preferential mortgages in the Far Eastern Federal District, after Primorsky Krai.
The program has undergone several updates to make it more targeted and effective. Regulations now allow regions in the Far East and Arctic zones to write off up to two-thirds of their budget loan debt if the freed funds are invested in infrastructure and city master plans, directly benefiting housing and social development projects.
To make housing more affordable, the government is reducing non-market (preferential) mortgage programs and promoting targeted mortgage rates aligned with average regional incomes, considering factors such as family size and local cost of living.
The state is also investing heavily in related development. For example, 15 billion roubles through 2027 will be allocated to build over 10,000 additional modular tourist accommodations across 55 regions as part of growth point creation in the Far East, supporting economic diversification and social infrastructure.
Stable legal and economic conditions for investors in the Far East are being established, with territories of advanced development being set up effective 2026. This complements housing initiatives by enhancing regional economic attractiveness and infrastructure.
Housing access is recognised as a key factor in population retention in rural and remote areas. To this end, rural mortgage programs are being expanded in coordination with social programs for professionals in education, healthcare, culture, and sport to incentivise relocation to these zones.
The debt relief measures have freed substantial funds, accelerating investments in housing and infrastructure, which in turn positively affect both regional economic growth and the social sphere by improving living conditions. The targeted mortgage support linked to regional economic realities helps make housing more affordable to local residents, supporting population stability and growth in these regions.
Investments in growth points and improved accommodation infrastructure foster sustainable economic development, promote tourism, and encourage private and foreign investment by ensuring prepared infrastructure and stable regulatory environments. Together with social incentive programs, these measures improve the socio-economic fabric by attracting skilled professionals and supporting community development in otherwise challenging northern and eastern regions of Russia.
In summary, the Far Eastern and Arctic Mortgage program operates within a broader regional development strategy combining financial debt relief, targeted mortgage support, legal stability for investors, and social incentives—this integrated approach is facilitating increased housing construction and advancing socio-economic development in the Far East and Arctic regions of Russia.
One family that has benefited from the program is that of Innokenty Pavlov, who used funds from the Far Eastern and Arctic Mortgage to build their own house. Pavlov expressed his gratitude to President Vladimir Putin for the opportunity provided by the program.
The Far Eastern and Arctic Mortgage program allows for the purchase of housing in the regions of the Far East and Arctic at an interest rate not exceeding 2% per annum until 2030. The program is operational in the Far East and Arctic regions.
The Far Eastern and Arctic Mortgage program, a key factor in boosting housing and development in Russia's far east, has attracted significant investment in the industry, particularly in real-estate. With favorable interest rates, the program encourages investing in property, making housing more affordable for local residents. The increased investment in housing and infrastructure leads to enhanced business opportunities, contributing to economic growth and social development in the far east and arctic regions. Indeed, the success stories of beneficiaries like Innokenty Pavlov, who built their own home with program funds, highlight the program's positive impact on both individuals and communities. Thus, the program plays a significant role in advancing the finance sector, stimulating economy, and improving living conditions in remote and challenging regions.
