Minister announces new call for applications for subsidised housing loans

(Hina) - Construction Minister Darko Horvat on Monday announced a new round of applications for subsidised housing loans, noting that this year HRK 50 million would be spent for that purpose and that a public call for banks to submit their offers would be published in mid-February while loan requests would be submitted as of 21 March.

A call for citizens to apply for subsidised housing loans could be published in mid-March, Horvat said.

Since the relevant legislation is aimed at encouraging demographic revival, urban regeneration and reducing the number of young families emigrating from the country, the call will be open until the subsidies are spent, Horvat said in a post on his ministry's website.

The ministry plans to invite, on 16 February, a call for interested credit institutions to submit their offers regarding interest rates, as the first step towards publishing a new call for applications by citizens.

The ministry expects to publish a call for applications for subsidised housing loans on 9 March, when citizens will be able to start submitting their loan applications to banks.

On 21 March, banks are expected to submit, on behalf of their clients, requests for subsidies to Croatia Real Estate Agency (APN).

The ministry recalls that 22,169 requests for subsidised housing loans were granted between 2017, when the scheme was introduced, and March 2021.

In the families that use housing loan subsidies, more than 4,600 children have been born since 2017 and 13,130 children under 18 have been reported in the loan requests.

More than HRK 456.7 million has been invested in state-subsidised housing loans so far.

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