The guarantees, which can also cover loans for thermal rehabilitation, will be provided through the National SME Loan Guarantee Fund.
The procedure was established through a decision approved Wednesday by the Government.
According to the act, the loan repayment period is no more than five years, from the time of delivery. A loan may be taken by a homeowners’ association, through a decision of at least 90% of its members, or by single-family homeowners.
The maximum value of a loan is the lei equivalent of EUR1,100 per room (including VAT), for loans requested by associations, and the lei equivalent of EUR4,400 for a single-family home. If the project includes the building’s thermal rehabilitation, the caps become EUR1,850 per room and EUR7,400 per home, respectively, in lei.
In 2011, the government can guarantee this type of loans up to a total of 100 million lei (EUR23 million).
In August, the Government expanded the types of thermal rehabilitation projects eligible for guaranteed, subsidized loans, to include projects for the repair or closing of apartment balconies, as long as the respective homeowners’ association is not more than two months behind on its utilities bills.
(EUR1=RON4.321)