2023-07-12 02:30:26
The bill establishes 100% preferential interest coverage for homes with a value of up to $45,000
In five years, close to 70,000 low-income homes will be built (houses for up to $50,000) Updated 07/11/2023 19:01
Created 07/11/2023 18:56
The Cabinet Council authorized the Minister of Housing and Territorial Planning (Miviot) to present to the National Assembly the bill that establishes a regime of preferential interest in mortgage loans and dictates other provisions.
The bill establishes 100% preferential interest coverage for homes with a value of up to $45,000 and also includes interest segments on home and apartment loans whose registered value at the time of financing ranges from $45,000 to $150,000.
The government vetoed the bill that would extend preferential interest in homes of up to $180,000, after this benefit expired in December 2022.
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