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Housing support programme provided with additional funding EUR 2.5 million

On Tuesday, 8 August, the Cabinet of Minister decided to allocate additional funding of EUR 2.5 million for Altum development finance institution’s housing support programme to sustain it until the end of the year, BNN was informed by Economy Ministry.

«The housing guarantee programme became highly demanded from day one – since the launch of the programme in 2014, Altum has provided 6,063 guarantees worth nearly EUR 41 million. Funding provided to clients allows 1,530 families with children to buy homes with state support. Residents’ interest for the programme remains high. With that, the government should find a solution to maintain the programme,» says Economy Minister Arvils Aseradens.

To make it easier for families with children to afford the first installment to purchase a home, the Cabinet of Ministers approved Economy Ministry’s state support programme on 5 August 2014.


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