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 amount planned in the budget for that period. "Accordingly, the BGK day 01-02-2017 suspend accepting applications for the buyers of the date of payment of the Fund Cash Payments planned for 2017" - written in the message. A total of PLN 746 million was reserved for the government’s MdM program in 2017. Half of this amount was used in 2016; the second part of the funds was released at the beginning of January 2017.