Altum-Services-Individuals-Housing guarantees for families-Subsidy Balsts

Subsidy Balsts

Subsidy Balsts is a one-time support to families with children for reducing the first payment for purchase or construction of housing.

 

  • At the amount of EUR 8,000 if there are 3 children in the family (or 2 children and the third is expected)

  • At the amount of EUR 10,000 if there are 4 children in the family (or 3 children and the fourth is expected)

 

The subsidy is increased by EUR 2,000 if the purchased/built house has almost zero energy consumption in line with the energy efficiency norms.

 

 

The subsidy can be granted if:

 

  • a loan is received in the bank for purchase or construction of housing;

  • there are at least 3 or more children in the family (or 2 children and the third is expected);

  • the recipient of the subsidy does not own any other residential premises (house, apartment, summer cottage);

  • the gross family income in the previous taxation year does not exceed EUR 17,000 per family member;

  • the recipient of the subsidy has been a tax payer in Latvia for the past 12 months;

  • the subsidy does not exceed 50% of the transaction sum (max. EUR 300,000);

  • the subsidy has not been granted earlier to the recipient.

 


How to apply? 

 

In order to receive the subsidy, you have to turn to any of the banks ALTUM has cooperation with and apply for a mortgage loan, marking that you wish to receive subsidy Balsts. It can be granted together with the housing guarantee for families with children.