BGK: first social housings in 2017

The Polish only state-owned bank, Bank Gospodarstwa Krajowego (BGK) is willing to give a loan of PLN 4,5 million for social housing builing in the next ten years. The housing will be build be the Polish Association for social building (TBS), housing cooperatives and communal companies. According to the director of the social building departments of BGK Dariusz Stachera, preferential credit applications can be submitted from November 2015 to February 2016. Therefore he estimates that first investors wil start bulding in 2016 and thus they will not be able to be used before 2017. Stachera added that "looking at at the bank's experience, social housings were constructed in huge cities, like Warsaw, Wrocław and Poznań, but also in smaller places like Kamienna Góra or Rypin. I think that those investments will arouse interest in large cities as well as medium and small municipalities."