BGK suspends accepting MdM applications

State-run lender BGK has suspended accepting application for the Apartments for the Youth (MdM) scheme for 2018 as the demand has reached 50 percent of the allocated funds. “The limit for 2018 stands at PLN 762 million, while PLN 381 million has already been reserved,” BGK said. The remaining funds ...

Locked content BGK – no more applications for 2017 MdM subsidies

On February 1, Bank Gospodarstwa Krajowego (BGK) suspended applications for subsidies under the government’s “Apartments for the Young” (MdM) program for 2017. BGK said that the total amount of financial support resulting from the requests of buyers for 2017 reached the equivalent of 95 percent the ...

Sejm approves changes in mortgage subsidy program

The Sejm has approved an act to include apartments from the secondary market in the mortgage subsidy program – Apartments for the Youth (Mieszkanie dla Młodych). Before the act was accepted, young Poles under 35 could have part of their mortgage financed by the government only if they were buy...

Locked content Subsidies for homebuyers may reach PLN 570 million in 2015

The “Apartments for the Youth” (MdM) program run by the Bank Gospodarstwa Krajowego may pay out PLN 570 million in 2015, compared with PLN 350 million in 2014, according to Bogusław Białowąs, vice director of the Agency Services Department at BGK. BGK informed the public that as of Decem...