The program will require maximum monthly income of RON4,500 for childless families and maximum RON7,000 for families with children and the price of the home to be bought within the program may not exceed EUR70,000 euro.
The ministry also proposes to subsidize the interest for beneficiaries’ throughout the duration of the mortgage loan for families with children. The state would subsidize the interest to lower it by 0.5 percentage points for families with one child and by 1 percentage point for families with two or more children.
The new incarnation of the program keeps the required minimum down payment of 5%
“We have finalized the “One family, one home” program following intense and constructive consultations with the central bank. The government’s initiative is of a more social nature as we seek to support people with low income and we want to help young families acquire decent homes. We are equally supporting the construction sector through this program,” said finance minister Eugen Teodorovici.