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More than 50,000 apply for home renovation subsidies

Figures

Photo by ESB Professional/Shutterstock.com

More than 50,000 families raising children have applied for home renovation subsidies since the launch of a two-year government scheme in January, Minister for Families Katalin Novák said in a video message posted on Facebook on Saturday.

Novák said the applications have been made for around HUF 65 billion in subsidies.

Under the scheme, the government is offering to cover up to half of home renovation costs, with a grant capped at HUF 3 million, for families with at least one child. Families may take out a subsidized loan to cover the other half of project costs.

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