Loan with a significantly lower interest rate than what is currently offered by banks beneficiaries who join the “My Home 2” program will be able to secure housing, which is planned to reach a total amount of 2 billion euros and to be partially financed by the Recovery Fund.

At the same time, the social housing program is expected to be activated for the distribution of real estate to economically weaker households.

As her report states Dailythe negotiations with the Commission for “My Home 2” continue until the last moment, in view of the expected announcement by Prime Minister K. Mitsotakis at the TIF on September 7, as many details must be clarified before the green light for financing from the Fund.

However, based on the discussions to date, the model that seems to be taking shape foresees financing by 50%, ie 1 billion euros, from loans from the Recovery Fund and the remaining 50% from loans from banks.

This means that the person interested in joining the program will be able to get a loan from the bank that serves him at an interest rate that will correspond to the average of the bank’s mortgage interest rate and the Recovery Fund interest rate, which is very low. In essence, he will get a loan at a little more than half the interest rate of the usual mortgage, according to sources.