1,375 families, young people purchased homes using First Home Program

Chisinau, 12 February /MOLDPRES/- Nearly one year after the launch of the First Home government program, 1003 families and 372 unmarried youngsters have bought the first home, the government’s communication and protocol department has reported.

"The First Home Program has exceeded the government's expectations. It is much more effective than I thought at the first stage. Banks began to compete with each other and offer lower interest rates than assumed.  For us, it is important that people stay at home with family,” Filip said.

Through the five banks participating in the program, credits were granted in this period of 662 million lei, and the amount of guarantees offered by the state is almost 331 million lei.

Of the total dwellings, 1284 were purchased in the cities and 91 - in the villages. The average age of the beneficiaries is 31 years.

This year, another 3,000 credits will be granted to young people and families who will use the First Home program.

The program offers facilities to families with children. Thus, the state covers 10% of the apartment price for families with one child, 25% - for two, 50% - for families with three children, and for children with 4 and more children, the state pays the entire amount, the family paying only interest rates.

The programme was launched at the initiative of Prime Minister Pavel Filip on 26 March 2018.

More information about the programme can be found at www.primacasa.gov.md and at the following telephone numbers: (022) 22 60 65, (022) 22 60 53, (022) 26 25 52.