Lawmakers moved to make the The First Home program accessible to vulnerable categories by extending the prospective homebuyer’s eligible income to include such income as disability aid, which was not accepted in previous editions of the program.
Romania has 826,197 people with disabilities, over 50% of whom are youths and adults.
The subsidized mortgage lending program was launched in 2009 to support the local real estate market and encourage lending amid the global financial crisis. Since launch and until mid-2019, over 279.000 people benefited from state guarantees totaling RON24.9 billion under the program.
Loans granted under the program accounted for 45% of mortgage loans totaling RON34 billion and 31% of new mortgage loans totaling RON3.8 billion mid-2019.