It is set to confirm a new deadline until December 31, 2023, in which the Agency for Legal Transactions and Property Mediation is publishing public calls every calendar year.

After interested and expert public through Public Consultation had the opportunity to give their opinion, proposals and comments, a Proposal of the Law on Amendments and Supplements to the Act on Subsidizing Residential Credits, which was presented by Minister Darko Horvat in the name of the Ministry of Spatial Planning, Construction and State Property, was accepted today at the Government of the Republic of Croatia session.

Let's recall, subsidizing residential credits is a residential care program as part of which the state, or the competent Ministry and the Agency for Legal Transactions and Property Mediation (APN), help in paying part of the residential credit when buying a house or apartment or when paying off construction credits over a period of five years. The Act on Subsidizing Residential Credits was enacted in order to encourage demographic rebirth of society, urban renewal of settlements and reduction of emigration of young families. It stipulates the assistance to citizens in resolving their residential problem when buying a house or apartment or building a house through subsidizing residential credit.

All applications processed after the last call have been received, and 4,235 of them have been approved for a subsidy.

Pointing out the importance of this measure, Minister Horvat emphasized that a record number of applications had been received after the last call, which is another indicator that citizens have recognized this measure as quality.

"The success of the implementation of this measure is best demonstrated by the fact that over 17,000 subsidized credits have been approved in the past four years, and over 2,000 children have been born in families that use subsidies. All of this is a good indicator for the Ministry and the Government that we are on the right track and that we will continue to implement subsidies in the coming years," Minister Horvat said.

The program has been successfully implemented since 2017, once a year, while this year an additional call was announced – one in April, when a total of 3,681 applications were received, while applications for the last call were possible from September 28 to October 19, 2020. In that period, a total of 4,561 applications were received, of which 4,235 have been approved so far, while some of the applications are still under additional consideration.

In order to continue the residential care measure, it was necessary to amend the existing legislative framework, given that the currently valid Act on Subsidizing Residential Credits stipulates that APN public calls are only published until the end of the current year.

The following are some of the news presented by Minister Horvat at the Government session:

it is set to confirm a new deadline until December 31, 2023, in which the Agency for Legal Transactions and Property Mediation is publishing public calls every calendar year
further clarification is provided on the fact that subventions are not approved for applicants who have already exercised this right earlier
the status of young children is further defined for whom additional subvention is approved as members of the household
it is established the period during which users of the credit and household members are obliged to have submitted to register
it is regulated cases in which there is no need to return paid funds from the subsidies and that it is expanded to the sale of a house or apartment in the event of construction of a larger house

For this purpose, HRK 263,500,000 was secured in the State Budget of the Republic of Croatia in 2021, (HRK 213,500,000 for paying out subsidies from obligations by 2021 and HRK 50,000,000 for new subsidies that will be approved in 2021).

HRK 50,000,000 was secured for 2022 and 2023.

source: poslovni.hr

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