Over 4,230 houses purchased through First Home Program

Chisinau, 9 April /MOLDPRES/- Since the launch of the First Home Program, 4,235 homes have been purchased so far. Another 18 applications were accepted and guarantee contracts will be signed.

Total amount of loans granted by banks is 2.12 billion lei, and the active guarantees - 1.06 billion lei. At the same time, 23 guarantees were terminated due to early repayment of the loan.

Out of the 4,235 beneficiaries, 2,975 are families and 1,260 - unmarried young people. The average age of the applicants is 31.2 years. Also, out of the total number of beneficiaries, 612 persons benefit from compensations from the state budget under the First Home 2 program, 1,574 - the First Home 3 program and 317 - the First Home 4 program, sources from the Finance Ministry said.

The First Home program will become even more accessible, following the amendment of the Law No293/2017. A draft decision in this regard has been approved by the government and is to be voted by the parliament. The document stipulates decreasing the share of the initial participation in the program up to 5% of the purchase price of the home, as well as the increase of the age of the applicants who can access the program up to 50 years. Also, the project proposes to extend the categories of beneficiaries of the compensation programs carried out under the First Home Program, by including in the categories of beneficiaries of compensation the persons who have accessed a mortgage loan until the launch of the program.

The First Home program was launched in March 2018.