In 2015, the state supported the acquisition, reconstruction and modernisation of more than 42,000 flats in Slovakia via favourable loans worth more than €260 million, an increase of almost 60 percent year-on-year, TASR learnt on Tuesday. The State Housing Development Fund rejected circa one fifth of the almost 1,300 applications it received last year. Thanks to EU funds, the State Housing Development Fund budget was expanded from €174 million to more than €400 million in 2015. According to new legislation, towns can apply for a loan from the fund to procure rental housing with 100-percent reimbursement of the costs. The conditions for acquiring a rented apartment changed as well, as only people with salaries up to five times higher than the minimum subsistence level will be able to rent an apartment with the support of the State Housing Development Fund.
Source: TASR
