BGK: PLN 1.5 billion subsidies for flats construction.

The state pays extra money for the construction of housing. From March 1st, the call for applications for preferential loans has started.

Construction of flats has a chance to accelerate thanks to government funding. From 1 to 31 March 2021, TBSs, housing cooperatives and other entities may apply for construction loans from Bank Gospodarstwa Krajowego. There is a pool of over PLN 1.5 billion to be allocated.

Financial and legal support, the so-called “social housing”,  is a new government idea to satisfy the hunger for housing in Poland after the failure of the “Mieszkanie Plus” program. As Deputy Prime Minister Jarosław Gowin announced in February, municipalities are to establish special companies – the so-called social housing initiatives (SIM) – which will receive land from the state for the construction of apartments and a loan for the implementation of investments.

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