Eligibility conditions under First Home Program to be simplified

12:16 | 20.05.2020 Category: Economic

Chisinau, 20 May /MOLDPRES/- The eligibility conditions under the First Home Program will be simplified by reducing the share of own participation and expanding the categories of beneficiaries. A bill to this effect was approved today by the parliamentary committee on economy, budget and finance.

The draft involves reducing the share of initial own participation in the Program from 10% to 5% of the purchase price of the house. At the same time, the draft law provides for increasing the age of applicants who can access the program - from 45 to 50 years.

Private people who owned a building, but whose living space exceeded 9 m2 per person, become eligible.

Also, the draft law sees inclusion in the categories of compensation beneficiaries people who have accessed a mortgage until the launch of the program - March 2018.

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