BGK: 23,297 flats acquired under MdM program

As many as 23,297 apartments and houses were purchased under the government mortgage subsidy program, Apartment for Youth (MdM), in the last 18 months. State-owned lender BGK announced that PLN 296 million of the PLN 715 million earmarked for 2015 has already been granted to finance 12,757 applications this year. The average space of acquired units stands at 53.06 sqm. The Apartments for Youth program was launched in 2014 and replaced the "Family on its Own" mortgage subsidy program, which expired at the end of 2012.