“My house”: The 6-point plan for cheap housing for young people – Live the presentation of the government plan

THE Social Housing Strategy announced by the prime minister, Kyriakos Mitsotakis, from the TIF, is presented in detail to the General Secretariat of Communication and Information.

The presentation will be made by the Minister of Labor and Social Affairs, Kostis Hatzidakisthe Minister of Environment and Energy, Kostas Skrekas, the Minister of Education and Religious Affairs, Niki Kerameos, the Minister of State,Aki Scherzo and the commander of the Public Employment Service (Public Employment Service), Spyros Protopsaltis.

The presentation will be coordinated by the Deputy Minister to the Prime Minister and a government representative, Giannis Oikonomou.

– The Minister of State, Akis Skertsos, presented the housing problem with numbers.

– The government’s affordable youth housing scheme policy is called ‘My Home’ with a 6 point plan

Watch the update live

It is recalled that the prime minister announced a six-point plan for the great problem of housing, especially for young people, which begins to be implemented immediately. The €1.8 billion program will target more than 100,000 beneficiaries with a series of initiatives to help them buy or rent a cheaper home.

Specifically:

– The construction of 8,150 places in five modern student residences at the Universities of Crete, Thessaly, Western Macedonia, Thrace and Western Attica will begin immediately. The sites have already been determined and the projects will be done with PPP.

-A special loan program is launched, initially amounting to 500 million euros, with co-financing of 375 million euros from the state and 125 million euros from the banks. The aim is to ensure an almost zero interest rate for the purchase of a first home by citizens up to the age of 39, in areas with older buildings. In practice, a couple, with minimal participation, will buy a house worth 100,000 euros with monthly installments of 275 euros.

-To increase home ownership and renovate older homes, a targeted “Save and Renovate” is being created for 20,000 young people. Each beneficiary will receive up to 20,000 euros for energy interventions in their property, along with an additional support of 3,000 euros and a low-interest loan of up to 7,000 euros. At the same time, as an incentive to at least 10,000 owners of closed properties, a state subsidy of up to 10,000 euros will be given to renovate them. With the obligation, however, to rent them on long-term leases. The state thus covers up to 40% of the renovation costs of each closed apartment.

-The “social consideration” is established for public plots and buildings. The state will offer its idle assets to private builders and they, at their own expense, will build modern homes. Half will be rented at a low rent to new tenants, while the remaining spaces will be used commercially by private individuals.

-Furthermore, in order to increase the available real estate for Greeks, the investment limit for the granting of a Golden VISA license is increased from 250,000 euros to 500,000 euros.

-From December, the “Estia 2” program starts. According to this, the State will lease 1,000 private properties in the first phase. To then make them available with express procedures and very low rent to vulnerable households.

Finally, it is noted that the prime minister also spoke about the rate of growth this year, stating that the increase in GDP will be more than 5% (including the budget forecast for growth of 3.1%), after the increase of approximately 7.8 % in the first semester.

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