Govʼt to launch home renovation program

Government

Shutterstock.com

The government is to launch a home renovation support program from January 1, minister without portfolio in charge of family policy Katalin Novák said on Wednesday, state news wire MTI reports.

Image by Shutterstock.com

She said the government will cover half of the home renovation costs - up to HUF 3 million - of families raising at least one child.

Applying for the Home Purchase Subsidy Scheme for Families (CSOK) is not a condition of eligibility for this new element of the governmentʼs home creation program launched in 2015, she added.

The support will cover energy-efficiency upgrades, bathroom, kitchen, and full home renovations.

Novák said the amount of funding under the scheme will be tailored to demand rather than capped. Full details of the program will be unveiled over the next few weeks, she added.

ADVERTISEMENT

MNB Int'l Reserves Climb EUR 1.553 bln in January MNB

MNB Int'l Reserves Climb EUR 1.553 bln in January

Gov't Guarantees on Liabilities Climb Over 9% of GDP in 2021 Government

Gov't Guarantees on Liabilities Climb Over 9% of GDP in 2021

GTC to Save 500 MWh a Year in Váci Greens D Sustainability

GTC to Save 500 MWh a Year in Váci Greens D

Mangalitsa Promotional Campaign Kicks Off Food

Mangalitsa Promotional Campaign Kicks Off

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.