A group of parliamentarians recently submitted, in the Senate, a draft law to establish the subsidies for the family home, which would run for a period of 10 years since next year.
Families can benefit from new tax facilities according to the number of children. Photo archive
The legislative initiative proposes a program for families with children, auxiliary to the mortgage lending, a program that “Consider the needs of young people's living and facilitates the decision to establish a family, to have children, respectively to assume more children”, According to the note of foundation of the draft normative act.
According to her, the repayment of a mortgage loan involves substantial financial efforts for long periods, over 10-15 years, and for a young couple the decision to contract is not less than times in ensuring a predictable budget for daily living.
“Such situations bring with it the postponement or renunciation of certain expenses, either investments or family enlargement. In support of the affected, the data of the Statistical Institute for 2022 comes, which demonstrates that the poverty rate of people living in households with minors and young people of 18-24, dependent, was 5.2 percentage points higher than that of persons living in households without minors and young dependents (23.5%)”, The initiators say.
“This legislative initiative supports families regarding the residential decisions, as well as in the process of repayment of mortgage loans. Currently, the report average rate/average mortgage loan is around 40 °/o of the average salary on the economy, and the purpose of the legislative initiative is to ensure a higher income that has children in maintenance. The proposed measures are to subsidize the interest related to the mortgage loan, according to the number of children of the family, in the case of: – the credits contracted through the programs First House/New House, approved by the Emergency Ordinance no. 60/2009, with the subsequent modifications and completions, in which case the administration commission is subsidized”, It is shown in the quoted document.
Who can benefit from subsidies in the mortgage loan interest
“The program” Subsidies for the Family House “, carried out between 2026-2036, aims to facilitate the access of people who have children to housing suitable for their needs by granting facilities of interest subsidies and by reducing the level of commissions related to mortgage loans.”, It is shown in the draft law.
According to him, the beneficiary of the program is the debtor of a mortgage contract that cumulatively fulfills the humid conditions:
- The creditor did not declare the early maturity;
- does not register arrears greater than 30 days when repayment of the credit;
- has child/maintenance children;
- It owns only one home, the object of the credit agreement.
The children in the maintenance of the beneficiary can be taken into account for a single mortgage loan for which the facilities provided by this law are granted.
Thus, the facility consisting of the subsidization of the interest is granted to the beneficiaries according to the wedding of children in maintenance, as follows:
- 100% for three or more children.
If the death of the spouse or the other parent/guardian/legal representative of the child/children intervenes; or if the other parent of the child/children is declared unknown or disappeared; Or if the guardianship court decides the exercise of parental authority by a single parent, the holder of the mortgage contract, or if the adopter is a single person, the subsidy represents:
– 25% for a child
– 75% for two children
-100% for three or more children.
Regarding the guarantee commission calculated at the balance of the guaranteed amount, it can be reduced as it should:
– with 25 % for a child,
– with 75% for two children,
– 100% for three or more children.
