Consultations have begun regarding a new government program aimed at facilitating the financing of the purchase of a first apartment. Who can benefit from it, and what conditions must be met? We explain.
The government’s First Apartment program, which is set to launch on July 1, 2023, will be available to individuals under 45 years of age – if the loan is granted to both members of a household, at least one of them must meet the age requirement. Support for purchasing a first home in the coming year (and in the next few years) will include, among other things, subsidizing a mortgage.
First Apartment Program – Who is it for and what does it offer?
– The program covers both the purchase of apartments from the primary and secondary markets – explains Marek Rozporski, Regional Sales Director at Notus Kredyty, a partner of DDom. – There is also no limit regarding the size of the apartment – he adds.
The program will not be available to individuals who currently own or have previously owned an apartment, house, or cooperative housing or house rights. According to the Ministry of Development and Technology, individuals who have received property as a gift, later revoked, will also be ineligible, as will married couples where one spouse owns property, even if they have separate property agreements.
The First Apartment program is based on two solutions: the Safe Credit 2% and the Housing Account (for individuals who have never owned an apartment or for those living in a single, small unit with at least two of their own or adopted children).
