Some 840 young families apply for 1st home grants in Lithuania in 3 days

Some 840 young families applied for grants to buy or build their first homes in Lithuanian regions in three days after the scheme was launched on September 1, the Social Security and Labor Ministry said.

"Preliminary figures show that there is a great need for housing in the regions, because 542 applications were filed for homes in places away from major cities," Social Security and Labor Minister Linas Kukuraitis said in a press release.

Some 111 applications were filed in the district of Kaunas, 73 in the district of Klaipėda, 67 in the district of Vilnius and 47 in the district of Panevėžys. The remaining 542 applications were field in other municipalities.

Starting September 1, families or single parents permanently residing in Lithuania and aged up to 35 years can apply for financial support to pay part of a mortgage on their first home or make the down payment.

The amount of the mortgage based on which the size of the grant is calculated cannot exceed 87,000 euros.

The government has earmarked 2 million euros for the scheme for this year and 4 million euros for 2019, 2020 and 2021 each. The amount of funding may be adjusted based on the actual need for housing in regions and on the state's financial capabilities.

Source: BNS
Please log in or comment anonymously
You are logged in or comment anonymously
Commenting anonymously or login
Post
Add Your Comment
Latest news