Russia to End IT Mortgage Program Early

Authorities are discussing the early completion of the preferential mortgage program for IT specialists, according to three sources told RBC.

Consensus

Russian authorities are discussing the early termination of the IT mortgage program.
The program is being reviewed due to budget constraints.
No final decision has been made on termination.
Existing mortgage agreements will remain unchanged, with current interest rates preserved for borrowers.
The program was initially launched in 2022 and later extended to 2030.
Over 100,000 IT professionals have used the program since its launch.
Approximately 22,000 people used the program under updated conditions since 2024.
The budget for the program is projected to decrease from 77.8 billion rubles in 2026 to 35 billion rubles in 2029.
Moscow and Saint Petersburg are excluded from the program.
The program applies to employees of IT companies accredited by the Ministry of Digital Development.

One scenario suggests the program ends in December 2026, while another indicates that parameters and timing for early termination are still being worked out. — vosti
One official source suggested the program could end in December of the current year (2023), though this is not confirmed. — riamo
The program was initially set to end in 2024 but was extended to 2030 in 2024, and conditions were tightened that year, including raising the interest rate cap to 6% and reducing loan limits in major cities. — meduza
The program has been active since April 2022, and as of January–September 2026, banks issued 9,000 loans worth 64.5 billion rubles, with a 11% increase in volume compared to the same period in 2025. — interfax
The program continues to operate in Leningrad Oblast, where it accounts for 4% of subsidized mortgage loans. — fontanka
The Ministry of Finance estimates that state support for all subsidized mortgage programs in 2026 will cost 1.6–1.7 trillion rubles. — vm