"The total number of participants in the preferential mortgage lending program, including their families, is already comparable to the population of a large city like Khabarovsk. One of the key effects of the preferential mortgage program has been a reduction in housing price growth. The law of supply and demand has worked—the average price per square meter in the Far East is now lower than the national average. We continue to expand the program's membership, and our work to improve housing affordability in the Russian Far East will continue," noted Alexey Chekunkov, Minister of the Russian Federation for the Development of the Russian Far East and Arctic.