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Govt to reintroduce home-related grants for families with children

The government will reintroduce grants for families with children in 2012 helping them to acquire a home, National Economy Minister György Matolcsy announced on Wednesday.

Families with four or more children would be eligible for HUF 1.6-HUF 2.5m in support, while those with three children would be eligible for HUF 1.2-HUF2m in support. Those with two children would be eligible for HUF 800,000-HUF 1.3m in support.

The size of the grants will also depend on home size, energy efficiency, employment status and back taxes, Matolcsy said.

Payments under the program to be launched this year will start on January 1, and the grants may be disbursed to four thousand families in 2012, he said.

There will be HUF 5.2bn available for the program in next year's budget, the national economy minister said.