Altum-Services-Individuals-Subsidy Balsts for families with children with disabilities

Subsidy Balsts for families
with children with disabilities

 

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

  • At the amount of EUR 8,000 EUR if there is a child with disabilities in the family; 
  • 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 is at least one underaged child with disabilities or one person with group I or group II disability who has not reached the age of 24 in the family;
  • 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 23,000 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.

For more information

majoklu.galvojumi@altum.lv

 

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 for family with children with disabilities. It can be granted together with the housing guarantee for families with children.