The Domna Michailidou said the Renovate program opens June 15, is for homes up to 120 square meters, offers up to 36,000 euros for subsidy and up to 95% coverage.
Domna Michailidou for “Renovate” program: when applications start
On June 15, the “Renovate” program opens through the gov.gr the eligibility process for the new programme “Renovate”, while the submission of final applications is expected to start at the beginning of September.
Social Cohesion and Family Affairs Minister Domna Michailidou recalled that the programme provides for a subsidy of 300 euros per square metre, with the total state aid up to 36.000 euros per dwelling.
As explained, the renovation is not limited to energy upgrade interventions, but can include work such as replacing frames, renovating kitchen or replacing floors.
The goal of the program is to utilize old and closed properties so that after renovation they can be made available for long-term leasing, helping to address the housing problem and at the same time increasing the income of the owners.
Criteria and funding, Who is affected
The total budget for the new scheme is estimated to be 500 million. EUR 500 million, with significantly increased expenditure coverage compared to previous cycles.
The subsidy will be able to cover up to 90%-95% of the cost of the works, while the income criteria are expected to be broadened in order to include more beneficiaries.
At the same time, the amount of financing will increase according to the number of children in the family. In particular, an increase of 5,000 euros for each child is foreseen, meaning that a family with two children can receive up to 46,000 euros.
The scheme will apply to old houses built up to 1990 and having an area of up to 120 sq.m., while the maximum amount of aid will be calculated on the basis of a ceiling of 300 euros per square meter.
Remember that in the previous cycle of “Renovate” eligible costs amounted to just 10.000, which highlights the significant expansion of the new program.
