Thursday, 9 September 2021

€40m Made Available for Energy Renovation of Family Houses

ZAGREB, 9 Sept 2021 - Croatia's Environmental Protection and Energy Efficiency Fund continues co-funding the energy renovation of family houses, and HRK 300 million has been allocated for the public call that will be advertised by the Fund in mid-September, the Fund says in a press release issued on Thursday.

The fund's director, Siniša Kukić, was quoted as saying that the government had decided to extend the family houses energy renovation scheme, and therefore this year, the allocation for this purpose was increased by an additional 100 million kuna, compared to the last year's allocation for this scheme.

"The interest in grants under this scheme is still significant," Kukuć says.

Last year, the authorities approved the grants for the energy renovation of 3,100 houses.

Under this scheme, houses large up to 600 square meters, or properties with up to three housing units can apply for non-repayable grants.

The maximum amount of the non-repayable grant is HRK 204,000.

A further 100 million kuna has also been set aside for energy renovation grants for quake-damaged houses

(€1 = HRK 7.476883)

Saturday, 15 May 2021

4,739 Applications for Home Loan Subsidies Submitted

ZAGREB, 15 May 2021 - The APN Real Estate Agency received 4,739 applications for home loan subsidies submitted in the sixth call, the Physical Planning, Construction and State Assets Ministry said on Saturday.

Applications could be submitted from 29 March to 14 May and the sixth call saw the highest number of applications submitted to date.

The amount planned for the subsidies this year is HRK 50 million, but Minister Darko Horvat said that given the record interest, if that was not enough, additional funds would be ensured.

He said young families recognised this government measure as a good one and that in the past four years more than 17,500 subsidised home loans were approved. During that time more than 3,000 children were born, which he said made this also a demographic measure.

APN has so far processed 2,134 applications submitted this year, approving 2,066. The average amount of a subsidised loan is €76,000 and the average repayment period is 22 years.

Most of the applications approved this year so far were submitted in Zagreb.

Applications could be submitted by persons under 45 who don't own a flat or a house.

On 26 February, APN signed agreements with 14 banks on home loan subsidies. The highest interest rates offered ranged from 2.09 to 3.50% for kuna loans and from 2.15 to 3.50% for euro loans.

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Wednesday, 19 August 2020

Croatia Prepares €27m Scheme For Energy Renovation Of Family Houses

ZAGREB, Aug 19, 2020 - The Fund for Environmental Protection and Energy Efficiency is preparing to receive applications for energy renovation of family homes under an HRK 203 million scheme and individual grants are capped at a maximum of 204,000 kuna.

The ministry of physical planning and construction said in a report published on its website on Wednesday that after the government in mid-May amended the programme for the energy renovation of family homes, the fund published a public call for applications for funding under the HRK 203 million scheme.

 Applications can be submitted as of 1 September.

"The aim of the programme is to encourage the implementation of energy efficiency measures and the use of renewable energy sources in family houses. That will lead to a reduction of energy required for heating and cooling in residential buildings, and will consequently increase savings in energy and finances and improve the quality of living," the ministry says.

Family homes account for two-thirds of the country's housing stock

The ministry underlines that family homes account for 65% of the country's housing stock, and their energy consumption accounts for 40% of total energy consumption at the national level.

The majority of family homes were built before 1987 and when assessed for their energy efficiency, they were rated in category E for energy performance certificates (EPCs). These constructions consume 70% of energy for heating, cooling, and hot water. According to some estimates, their energy consumption can be reduced by 60%.

The scheme will provide funds for the insulation of external walls, ceilings, and floors, replacement of windows and doors, etc.

Under the scheme, eligible applicants can count on grants to cover 60% of the costs of energy renovation, with grants capped at 204,000 kunas (€27,200).

Croatians at risk of energy poverty will also be eligible to receive assistance to cover 100% of the approved project costs, and 32 million kunas has been set aside for this purpose under the scheme. Social welfare workers and energy assessors will assist citizens concerned to prepare their applications for full coverage of their energy renovation costs.

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