– The Ministry of Funds and Regional Policy (MFiPR) is calling for the suspension of work on the government’s bill on #naStart housing credit until information is obtained on the impact of this loan, among others, on the rental market and the increase in apartment prices, as per the ministry’s position on the bill.
Loan 2 percent – experts are confident about prices
“We continue to note the lack of data on the impact of the 2% loan (BK2%) in a number of areas, including the impact on the rental market,” Minister Katarzyna Pełczyńska-Nałęcz recalled.
In the opinion of the Ministry of Finance, despite the change of a number of assumptions in the conceived housing credit program #naStart, it remains a loan subsidy program, the mechanism of which largely refers to the previous solution, i.e. the “BK2%” program.
“The basic argument that a refined #startup housing loan will not result in an increase in real estate prices is difficult to accept, because almost all specialized sources talk about their increase, or at most about a certain stabilization of price growth,” the minister wrote.
In the ministry’s view, the basic task that the government should implement in terms of improving the availability of apartments is to increase their supply. The minister stressed that priority should also be given to activities that enable the construction of apartments by local authorities and TBS/SIM. In his view, many investments in the social sector could be implemented relatively quickly if sufficient funds were available for this purpose.
Loan 2 percent – data still missing
“Therefore, in the absence of comprehensive and in-depth analyses of the impact of the BK2% program in various areas and with the simultaneous awareness that this program contributed to the increase in housing prices, in the opinion of the Ministry of FiPR, the government’s priority at the moment should not be the creation of another instrument with the same negative impact – impact, but there should be pro-supply activities and increase the effects of social construction (i.e. primarily co-financing of preferential loans from the BGK and. subsidies for municipalities from the Subsidy Fund)” – emphasized Pełczyńska-Nałęcz.
She pointed out that the need to increase housing supply also results directly from the National Urban Policy 2030, a strategic government document that creates urban policy in Poland.
“In relation to the above, I kindly ask you to suspend work on the bill until we obtain detailed information on its impact on the issues cited by the Ministry of FiPR,” concluded the minister.
The #naStart housing credit bill assumes, among other things, that loan subsidies should be differentiated depending on the size of the family. The subsidy is intended to reduce the loan interest rate to: 1.5% if there are no children in the household; 1% for a household with one child; 0.5% for a household with two children; 0% in the case of a household with three or more children and a larger household and in the case of loans granted as consumer credit to cover the costs of participating in SIM/TBS or housing contributions in a housing cooperative.
(ISBnews)
