Is it possible to spend maternity capital on apartment renovation in 2022

Video: Is it possible to spend maternity capital on apartment renovation in 2022

2024 Author: James Gerald | [email protected]. Last modified: 2023-12-17 14:00

One of the burning questions asked by parents: is it possible to spend maternity capital on apartment renovation in 2022. Russian parliamentarians came up with an initiative to spend materiel for any needs.

How can you spend maternity capital

If families with children were given the opportunity to receive full maternity capital in cash, this would expand the scope of application. Buying a car, going on vacation with the whole family - it would be more correct for parents to decide for themselves where to spend their money.

The spending of public funds requires strict accountability. This provision is designed to avoid abuse by unscrupulous parents and empty waste. Cash payments of the capital are made only in certain cases:

as a monthly allowance for low-income families;
for the purchase of goods and payment for services for disabled children;
in two parts for housing construction.

The Russian government is gradually taking the path of eliminating paperwork. At the beginning of March 2021, a decree was issued providing for a simplified allocation of funds for the construction or reconstruction of residential premises.

Changes in legislation

If they wanted to make repairs in a house or apartment, buy a summer house or build a house, the owners of the capital were faced with tough reporting. Pension Fund specialists could refuse payments if all the relevant documents were not provided.

In addition, it was impossible to carry out repairs by the forces of contractors. The reconstruction itself required too global changes. And such a direction of repair as updating windows and changing plumbing was not included in the list of allowed expenses.

The Prime Minister signed a decree that greatly simplifies the use of materiel for improving housing conditions. Now, an entry in RosReestr is enough for the reconstruction of the house to be considered legal. Parents must present documents that the residential property belongs to them and the children.

It is not necessary to provide an act of completed work on reconstruction for the reporting expenditure of mother capital.

Is it possible to spend maternity capital to renovate an apartment in 2022

The question of including the column "cosmetic repairs" in the permitted list of capital expenditures remains in limbo. While families with children are hoping for a positive decision, the deputies have been discussing these amendments for the second year. The elections will be spurred on by the people's deputies, or vice versa, all statements will remain unconfirmed.

While in 2021 the issue of providing funds for apartment renovation is being resolved, by 2022, changes may occur.

Interesting! Maternity capital and what it can be used for in 2022

Until now, the legal way to receive money for repairs is the inclusion of costs in the general estimate of construction or reconstruction.

When registering a mortgage against payment from the funds of the mother capital, the line "repair" can be included. The money will be paid. But the prices for residential real estate are so high that the funds of the mother capital can only be enough for one of the payments. Where can we think about repairs?

If young parents want to renovate their place of residence at the expense of maternity capital, a number of problems arise. The law still does not provide for spending money on cosmetic repairs in the apartment.

It is allowed to spend maternity capital to improve conditions for a disabled child. Installation of ramp, lift, wheelchair rail system.

Reconstruction of an apartment, with an increase in the area, demolition of load-bearing structures may become the basis for filing an application.

Home renovation with maternity capital funds can be done in a private house. Conditions:

living space should increase;
there must be ownership of land and real estate.

Funds are spent on repairs in the event that reconstruction takes place. The living area should be increased in line with regional regulations. The collected documents are submitted to the Pension Fund, where the application is considered.

Interesting! Maternity capital and what it can be used for in 2022

President's initiative

The head of state made a statement in the media that the issue of allocating money from the mother capital for apartment renovation is being considered. The President is confused by fraudulent spending schemes for federal payments.

The more areas where you can spend maternity capital, the more the emergence of "gray" schemes. Taking advantage of the fact that parents need cash, scammers are developing ways to withdraw from non-cash payments. Some of the funds are taken for services.

As a result, parents feel cheated. And the fact that children will not receive an education or will not be able to live in a new house, adults do not think at all.