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[© Review of Urban and Regional Development Studies] Under the dwelling purchase certificate program a retired or demobilized Russian officer returning from the "near abroad" is given a certificate which he can use to purchase a new housing unit in the market. The certificate is priced at estimated market price of dwellings, and prices vary by unit size and location (region). There was great uncertainty when the program was launched as to whether officers would find units available for purchase. In fact, most officers succeeded in using their certificate and most contacted several sellers in searching for housing.