Mitsotakis for My Home 2: Two additional facilities for those applying

The implementation of two additional facilities for those who apply for Programme 2 was decided during a meeting held this morning under the chairmanship of the Prime Minister, . First, in order to widen the beneficiary perimeter, eligible will not only be the citizens who fulfilled the income criteria in 2023, but also those who met them midterms at a depth of three years, according to Mr Mitsotakis. Thus, households who have managed to increase their income from my House 2 will not be excluded, while in the large picture they belong to the social groups targeted by the housing schemes. Secondly, in the new programme the pre-approval received by each applicant in the early stages will not expire a few months later, but will remain in force until the available resources are exhausted. In this way the procedure of objections will not be necessary and all interested parties will have the maximum time to finalise the signing of a contract for the purchase of a house. It is noted that the subject of the morning meeting in Maximos was the scheme of actions to acquire first residence and upgrade the residential reserve, focusing on the new programs “My Home 2” and “Upgrade My Home”, co-financed by the Recovery and Durability Fund. The Prime Minister said, “After the great success of the first program “My Home”, through which more than 9,000 of our fellow citizens will be able to acquire their own home by actually paying a installment of a lower mortgage than they would pay for a rent for a corresponding home, “we build” and launch the “Home 2” program, with 2 billion euros total resources.” “The program will start from early January. We appreciate that they will benefit about 20,000 of our fellow citizens and I believe it is a very important pillar of the government’s overall policy to address the housing crisis,” Kyriakos Mitsotakis added. 50% of the loan will be interest-free and financed by the Recovery Fund. The remaining 50% of the amount will come from a low-interest bank loan. For tridecimals and polytechnics the distribution is 75% interest rate and 25% interest rate. Compared to the previous programme, the upper age limit is increased by 11 years, as my House 2 will cover beneficiaries of 25 to 50 years, and income criteria are also being extended. In particular, eligible singles must have an annual income of up to 20,000 euros, and previously the limit was 16,000 euros. The limit is 28,000 euros for a couple, compared with 24,000 euros for the first programme. The increase for each child is 4,000 euros, that is 1,000 higher than before. Greater provision is also provided for single-parent families. The income limit is now rising to EUR 31,000, i.e. it is 4,000 higher than the first programme, and additional EUR 5,000 is provided for each child more than the first, and until now the corresponding increase was EUR 3,000. The entire statement by the Prime Minister “We had the opportunity today to make a comprehensive overview of the housing programmes from the Recovery and Durability Fund. I’m talking about my Home 2 program and the program I’m upgrading my House. After the great success of my first home program”, through which more than 9,000 of our fellow citizens will be able to acquire their own home by actually paying a installment of a lower mortgage than they would pay for a rent for a corresponding home, “we build” and launch my Home program 2 to 2 billion euros total resources. Half of the funds come from the borrowing side of the Recovery Fund. I would like to congratulate the entire staff of the Ministry for having succeeded in achieving this funding through a tough negotiation. My Home 2 program has already caused a great deal of interest to many of our fellow citizens, who see the possibility of making their dream come true, that is, to acquire their own home at a very reasonable cost of housing loan. The program will start early January. We appreciate that they will benefit about 20,000 of our fellow citizens and I believe it is a very important pillar of the government’s overall policy to tackle the housing crisis. A housing crisis that I want to remind you is not only a Greek problem, it is a European problem. Greece now, as it enters a path of rapid growth in our economy, is also experiencing the consequences of increasing real estate prices. I would also like to add the great importance of the project I upgrade my House, it is the second part of the projects co-financed by the Housing Recovery Fund. We are talking about 400,000,000 euros, up to 25,000 euros interest-free loan – I repeat, interest- with a repayment period of between 3 and 7 years for energy upgrading costs, without substantial income criteria and very easy to redeem. I believe that there will also be a great deal of demand for this programme. And this program will start running from the beginning of next year and will, obviously, complement the other programmes, such as the Renovation – Rent, which have a key purpose: to be able to market more closed houses, more closed apartments, through the grant of an energy upgrading and renovation process for these closed houses. And, apparently, our housing policy is not only exhausted there. I would like to stress the great importance that we attach to the institution of the Social Contribution. Institution which we are drastically simplifying, so that the state in all its manifestations, from local government to central administration, can exploit properties, mainly properties, stadiums, plots, which are currently completely untapped, in order to build houses that can be leased to fellow citizens who need it, with low rent. By closing, I would like to express my satisfaction at the speed with which we have been able and implemented the government’s commitment to a new Home program and I look forward to the very quick disbursement of the relevant amounts since the beginning of next year, so that, as I said before, 20,000 of our fellow citizens can make their dream come true, finally having their own home.”