Poland's lower house passes housing subsidy program "MdM"
September 30, 2013
Poland's lower house Sejm passed the government's new housing subsidy program addressed to Poles aged up to 35 buying their first apartment.
The bill was supported by 258 MPs, with six MPs against and 176 abstaining.
The program is addressed to families and singles under 35 who do not own any other housing. It will pertain to apartments from the primary market and construction of one's own single-family house. The program places caps on apartment size and price per square meter.
The program assumes a 10% subsidy for childless families and singles and a 15% subsidy to families with children and single parents. Further privileges are granted to families with three or more children. In the case of house construction, the subsidy will come in the shape of partial VAT return on building materials used.
The cost of the program for the state has been estimated at PLN 600 million in 2014, PLN 715 million in 2015, PLN 730 million in 2016, PLN 746 million in 2017 and PLN 762 million in 2018, deputy Transport Minister Piotr Styczen said in the Sejm on Friday.