ADEDY Demands Resumption of Housing Loans from Public Servants’ Fund

The delegation of the Executive Committee of ADEDY held a central discussion with Dimitris Stamatis, the President of the Board of Directors of the Deposits and Loans Fund. The meeting focused on housing issues for public employees and related regulations. Participants included Polymeoropoulos Vasilis, Panoutsakou Beta, Bratis Dimitris, Petropoulos Giorgos, and Kokkinos Haralambos. They requested reductions in housing loan interest rates and reinstatement of loan availability for public servants to support newly hired employees and alleviate those already repaying loans. According to ADEDY’s announcement, salary cuts over the past 15 years have strained public employees’ loan obligations. It was emphasized that these loans are secure since payments are automatically deducted from borrowers’ salaries, making them low-risk for the fund. However, the president noted that post-2011 memorandum restrictions prohibit new housing loans to individuals unless there is proven deterioration in living conditions such as reduced family income or health issues. In such cases, adjustments like interest rate reductions (up to 50%), extended repayment periods, or loan freezes may be considered. ADEDY opposes the potential transfer of 126,000 loans to private entities and has included demands for lower interest rates and resumed housing loans, especially for vulnerable groups and remote area workers, in its advocacy framework.