MODELS FOR THE DEVELOPMENT OF REGIONAL MORTGAGE LENDING SUPPORT PROGRAMS

Abstract

Introduction. The article analyzes the regional mortgage lending support programs in the Russian Federation from the perspective of their objects of influence, relevance and effectiveness. The current situation in the mortgage lending market creates prerequisites for more active involvement of regional budgets in support of the residential real estate market. Methods. The key research methods are comparative and trend analysis. Information from official statistics, the Financial Institute for Housing Development DOM, was chosen as the data source. Russian Federation, regulatory legal acts and reports on the activities of the executive bodies of regional authorities in 2022 – early 2025. Analysis. 12 mortgage lending support programs in 10 regions of Russia were analyzed. The reasons for the creation of regional support measures in addition to federal concessional lending programs have been identified, which primarily responded to the crisis in the post-pandemic economy, and secondly solved the most acute socio-economic problems of the region. Based on the categorization of the implemented regional programs of preferential mortgage lending by the object of influence to which the support of regional authorities is directed, three models of development of regional programs of preferential mortgage lending were identified: professionally oriented, familyoriented and expense-oriented model. Results. The hypothesis about the significant impact of regional preferential mortgage lending programs on the socio-economic indicators of the region has only partially been confirmed. The family-oriented model showed the greatest effectiveness according to the given criteria. However, it is worth noting that several federal and regional support measures for young and large families are being implemented in the analyzed regions, which makes it impossible to assess the real contribution of regional mortgage programs. The analysis of the effectiveness of professional and expenditure-oriented models, which competed with one or two support measures in the region, turned out to be more objective. As a result, the professionally-oriented model showed a positive result in the form of an increase in IT specialists, and the expenditure-oriented model increased government employees in the region.