His first phase Program “My home”. is being implemented by the Public Employment Service (DYPA) as applications for low-interest home loans for young people are starting today.

As mentioned in a recent press conference given by Minister of Labor and Social Affairs Kostis Hatzidakis and Minister of State Akis Skertsos, loans – low-interest and interest-free housing loans – for the purchase of a first home criteria of age, income and property, which apply cumulatively and are addressed to young people in aged 25 to 39 years (as of the date of application for a loan) and couples (including those bound by a cohabitation agreement), if one of the two is 25-39 years old, as of the date of application for a loan.

Criteria

The minimum income limit is set at 10,000 euros, while a higher limit is set for the provision of heating allowance, i.e. 16,000 euros for singles this year, 24,000 euros for married couples, which is increased by 3,000 euros for every child.

In addition, for single-parent families, the limit is 27,000 euros with an additional 3,000 euros for each child after the first.

What properties are considered suitable

A prerequisite is that young people do not have other assets that cover their housing needs.

The property suitable for habitation, in the case of unmarried and childless beneficiaries, has a size of more than 50 sq.m, and for the rest, the size is increased by 10 sq.m. on a family member.

In addition, properties with a joint ownership share of more than 50% are considered suitable, and they also have either full ownership or usufruct. In addition, property that is in the same regional unit as the place of work or profession is eligible (outside the region of Attica, where it is considered suitable if it is located within it, with the exception being the islands, where the property must be located within islands other than Crete).

amounts

The maximum loan amount is 150,000 euros. The commercial value (contract value) of the properties cannot exceed 200,000 euros and an area of ​​150 sq.m., while their age must be at least 15 years, which will be obtained from their building permit, and they must be located in a Residential area.

The participation of borrowers will be only 10% of the value of the property. Thus, the loan cannot cover an amount exceeding 90% of the value of the property.

The maximum repayment period is 30 years, and the property purchase cannot be made by a relative of the borrower in the first or second degree, or by a person connected to the buyer by a cohabitation agreement.

The amount of financing through DYPA (75%) will be interest-free, and the rest (25%) through banks will be interest-bearing (with a fixed or variable interest rate). Therefore, the interest will be about 1/4 of a “regular” mortgage without co-financing.

In the case of young couples with three or more children at the date of application for funding, or young couples who have three or more children during the loan repayment period (up to age 30), the interest rate will be zero on the entire loan.

The total budget for lending is 500 million euros. The resources come from DYPA, which pays an amount of EUR 375,000,000 to finance 75% of the capital of the loan and an amount of EUR 125,000,000 from banks to finance 25% of the capital of the loan.

In addition, there is an additional amount from DYPA to cover subsidized interest and management fees.

Those interested can apply for more information either by calling the Single Citizen Service 1555 or by visiting the DYPA website www.dypa.gov.gr.

DYPA Commander’s Statements

Speaking to APE-MBE, DYPA Governor Spyros Protopsaltis said that the start of applications for the First Home for Youth program marks a restart of housing policy in our country “after more than 10 years of no new homes.” actions in this critical sector”.

As he pointed out, “as the universal successor of the OEK, DUPA (former UAED) took on all of its pending and obligations and proceeded to complete the long-suffering projects that had been delayed for many years, torturing citizens who were waiting for the purchase of housing, but did not implement any new actions, no new program.

That changed last year, when the Jobs Again and My Home Acts introduced cutbacks and changes that strengthened the key and multi-faceted role of DYPA, Mr. Protopsaltis said, which now takes the lead in planning and implementing restarting the government’s new housing policy.

Through these interventions, DYPA has gained competence in the field of housing policy, as well as new tools, among which the necessary flexibility to manage and use its relative reserve (more than 1.5 billion euros) and real estate.

At the same time, he now has the opportunity to partner with public and private organizations to build real estate in order to protect housing for the workforce and youth, and the introduction of appropriate rules for the properties he owns allows for their better exploitation and increase in income for her.

“Now a modern structure is being created that gives DYPA new opportunities to implement programs that will cover housing needs, implementing what is envisaged by public housing policy, avoiding the losses and delays of the past, and implementing innovative and targeted methods and policies. based on European experience,” said Mr. Protopsaltis.

“Using the new responsibilities and new tools added to its quiver by the Back to Work and My Home laws, DYPA is implementing initiatives to support the country’s young men and women in practice, giving them the opportunity to start a new period in their lives. life, get your own home, become independent and start a family. DYPA stands firmly by the side of young men and women, supporting them in their further professional and personal development with all the means at their disposal,” emphasizes Mr. Protopsaltis.

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