The Law on Amendments and Supplements to the Law on Subsidizing Youth Housing Loans has come into force. The call for public application of citizens for this calendar year is planned for September, as reported by the Ministry of Construction and Spatial Planning.

Applicants for subsidization will be able to submit citizens residing in the territory of Croatia who meet the conditions for obtaining a housing loan set by the bank, who are not over 45 years old, and who, as well as their spouse, unmarried partner, or informal partner, do not own a flat or house, or who own only one flat or house which they sell in order to buy a larger flat or house or build a house due to their own housing needs. Compared to the old law, the term of subsidized credit has been extended by two years for every live-born or adopted child during the period of subsidized credit. Likewise, the term of subsidized credit has been extended by two years in cases where the applicant or a member of their family household has been determined to have a disability of more than 50 percent bodily injury. The Ministry reminds that the subsidy of credit will be approved for the purchase of a flat or house, or the construction of a house up to a maximum of EUR 1,500 per square meter in kunas at the exchange rate of the Croatian National Bank, i.e., up to the highest loan amount of EUR 100,000 in kunas. The credit maturity date must not be shorter than 15 years. The amount of the subsidy will depend on the development index of the place where the property is purchased or built and will range from 30 to 51 percent. According to the Ministry's data, by implementing the Law on Subsidizing Housing Loans, a total of 2,320 applications for subsidized credit have been made and approved. For the previous year, the state secured 17.5 million kunas, for this year 42 million kunas, and the projections for 2019 and 2020 are 35 million kunas each. source: hrt.hr

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