„Rodzina na Swoim” Program

The government refund program called “Rodzina na swoim” (Family on its Own) has been created to assist families and single parents in acquiring affordable housing. Preferential subsidized mortgages are available for families and single parents, who may be granted government subsidies at the amount of up to 50% of mortgage interest over 8 consecutive years.

1. Who is eligible?
This preferential state subsidy program is available for:

• 1. Married couples
• 2. Single parents, raising minimum one child, raising a child eligible to an attendance allowance, or living with a child of maximum age of 25 years

Additionally, these individuals are eligible provided they have not been beneficiaries of any previous preferential loan, such as described in the Act of law regulating the provisions for this program.

2. Loan purpose.
The preferential subsidized mortgage loan may be used to finance:

• a purchase of a flat or apartment
• a purchase or building of a single family home
• a purchase of cooperative property rights in a cooperative multi-family housing or cooperative single family home

3. Loan profile.

• - Maximum subsidizing period: 8 years
• - Loan offered only in Polish currency (PLN)
• - annuity loan payments or fixed principle plus interest payments
• - maximum loan term: 30 year

4. Terms and conditions of loan.

• The preferential subsidized loans program is only available to finance purchases of flats of maximum floor area of 75sqm.
• Price of one square meter may not exceed the government established city specific reference rates. Currently, Katowice’s reference rate is 5262, 60 z per sqm. (second quarter, year 2010)
• Only first time buyers may apply: individuals who at the date of contract do not enjoy property rights to any housing, do not rent cooperative housings, or communal housing