The program “First House II”, whose launch was announced by the Government on May 16, aims to equal the chances of those from the budget sector and of those from the private sector because the average salary in the first is lower than in the second, Minister of Finance Octavian Armasu stated in the program “Fabrika” on Publika TV channel, IPN reports.
The minister noted that the beneficiaries of “First House II” will get a state subsidy equal to half of the raised loan, portioned over a period of 25 years. But the value of the home is limited to 500,000 lei. “In practical terms, in the case of a loan of 500,000 lei the monthly subsidy during 25 years will be of up to 750 lei given that the beneficiary at the initial stage must pay 10% of the sum and the loan is of 450,000 lei,” stated Octavian Armasu.
According to him, one of the goals of this program is to help the young people to obtain a loan and to continue to work in the public sector. The beneficiaries will get the subsidy until they work in the budget sector. If they leave the public sector, the subsidization will be stopped. The program is intended for employees of public institutions that are fully financed from the budget, of health facilities and of education institutions.
Director of the Market Economy Institute Roman Chirca said this program is designed for public sector employees who have very important professions and is aimed at fostering the real estate sector.
In the May 16 meeting of the Cabinet, Prime Minister Pavel Filip said public consultations on the draft program were launched and requested the Ministry of Finance to hold these swifter so that the public servants could benefit from it as soon as possible. “This program is intended for budget-funded employees and those who will want to buy a home will benefit from a state compensation equal to half of the price of the dwelling. The loan will be repayable in 25 years,” he stated.
