Official: Housing grants for families with kids can help many

Issues

Hundreds of thousands of families can take advantage of subsidies of up to HUF 10 million for purchasing a new home, Katalin Novák, the state secretary for family and youth in the Ministry of Human Capacities, said at a press conference yesterday.

State Secretary Katalin Novák, right, and Human Capacities Minister Zoltán Balog admire a billboard promoting the ministryʼs program to give tax breaks to families with children on December 11. Yesterday Novák detailed the program to give home-purchasing grants to families with children. (Photo: MTI/Szilárd Koszticsák)

Families who promise to have three children over the course of 10 years can receive HUF 10 million from the government toward the purchase of a new home under modifications to the system of home-purchase subsidies published as a resolution in the Magyar Közlöny official gazette on Tuesday, according to state news agency MTI. Families who promise to have two children can receive subsidies of up to HUF 2.6 mln and those with one child can receive HUF 600,000 under the program, MTI said.

The program also gives families who buy a previously built home the opportunity to apply for subsidies, ranging from HUF 550,000 for those with one child up to to HUF 2.75 mln for families with four children, according to MTI.

“At least one member of a married couple needs to be younger than 40 year to be eligible for the subsidy,” MTI said. “Both members of couples must be without criminal convictions, according to the government decree.”

ADVERTISEMENT

Almost half of Hungarians get fringe benefits, survey shows Analysis

Almost half of Hungarians get fringe benefits, survey shows

19,000 young jobseekers hired in expanded subsidy program Government

19,000 young jobseekers hired in expanded subsidy program

Manager screenings - not just for managers Interview

Manager screenings - not just for managers

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.