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Gov't Announces Changes to Family Support Schemes

Government

The government will lower the age threshold for eligibility for prenatal baby support loans and modify home purchase subsidies for families with children, Gergely Gulyás, the head of the Prime Minister's Office, said at a regular press briefing on Thursday.

The wife's age threshold for couples who apply for the prenatal baby loans will be lowered from 40 to 30 from January 1, 2024, but applications will still be accepted by couples in which the wife is between the ages of 30 and 40, and pregnant, for a year-long transition period, Gulyás said.

The maximum size of the loan will be raised from HUF 10 mln to HUF 11 mln, he added.

Awards in the framework of the Home Purchase Subsidy Scheme for Families (Csok) for residents of settlements with populations up to 5,000 will be raised by 50%, while a subsidy system for residents of municipalities with larger populations will be drafted to replace Csok, he said.

Gulyas noted that Csok applications in larger cities had dropped parallel with a decline in home loan applications. 

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