Agency for Legal Transactions and Property Mediation (APN) announced on Monday that it received 3,260 requests for subsidized housing loans by April 26 as part of the sixth round of the tender. By Friday, April 23, APN processed 1,170 requests, of which 1,123 were approved, five were rejected, two applicants withdrew their requests, and APN requested additional documentation for 40 requests. Receipt of requests for subsidized housing loans in this round began on March 29. As previously reported by the Ministry of Spatial Planning, Construction, and State Property, requests will be reviewed according to the time of their receipt at APN and approved until the allocation of planned funds, which amount to 50 million kuna this year. APN responded to an inquiry by Hina that the deadline for accepting requests for subsidized loans in this round will be determined on Wednesday, April 28. For those who may not be aware, APN signed contracts with 14 banks on February 26 to provide subsidized housing loans, with the lowest effective interest rates offered by banks ranging from 2.09% to 3.50% for kuna-denominated loans, or 2.15% to 3.50% for loans in euros. Eligible for tender are all citizens under the age of 45 who do not own a residential property. Subsidized loans are approved for the purchase of a dwelling or a house, or for building a house, up to a maximum of 1,500 euros per square meter or up to a maximum loan amount of 100,000 euros in kuna-denominated value. The repayment term of the loan may not be shorter than 15 years. The height of the subsidy depends on the development index of the location where the property is purchased, or built, ranging from 30% to 51% of the loan instalment. By the time this measure is implemented, a total of 17,510 subsidized housing loans have been approved or are in progress, with approximately 430 million kuna paid out from the state budget for the measure. A recent amendment to the Law on Subsidizing Residential Loans, passed by the Croatian Parliament at the end of last year, extended the deadline for APN to publish public calls for subsidies until the end of 2023. The amendment also regulates that applicants will need to have a registered residence address on the purchased or built property for at least two years after the end of the subsidized loan. Furthermore, the amendment regulates that applicants who have already received a subsidized loan will be denied subsidy, and that the paid funds will not need to be reimbursed if the subsidized property is sold to purchase a larger dwelling or house, or to build a house. Source: tportal<\/a>/Hina'

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