The change is stated in an emergency ordinance drafted by the Ministry of Regional Development and Tourism.
This financial aid will only be provided for applications already filed when the ordinance enters force. The act says that, because of budgetary constraints, the government has not allotted funds for this scheme since February 2010 and the Development Ministry has not refunded local authorities for the subsidies they provided.
“The economic crisis has led to a drop in the price of construction materials and, implicitly, that of new buildings. In this context, the ratio of construction cost to the income of potential beneficiaries no longer requires the state’s direct intervention, especially given that budget revenue is insufficient,” says the act.
The subsidy is equal to 30% of the building’s construction costs, but no more than the lei equivalent of EUR15,000 or the mortgage loan’s value.