Polish gov’t approves new housing subsidies for young people

Initiatives

Poland’s government approved the ‘Mieszkanie dla Młodych’ (“Apartments for the Youth”) subsidies program, the Warsaw Business Journal reported citing deputy Construction Minister Piotr Styczen. Necessary funds from the state budget will amount to PLN 3.227 billion (€771.7 billion) within five years, he said. The Construction Ministry estimates that about 115,000 Poles will benefit from the subsidies. The program directed to married couples and single persons under the age of 35. The state plans to subsidize their purchases of new apartments by 10% of the apartment’s value for those who do not have children and 15% for those who do, with additional payments due when more children are born. Subsidies will be granted from 50 square meters to 75. The program must be approved by the Polish Parliament too.

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