BGK's funds for Apartments for the Youth program in 2016 are over

Bank Gospodarstwa Krajowego (BGK) has ceased accepting applications for mortgage subsidy program Apartments for the Youth (Mieszkanie dla Młodych), since 95 percent of the funds for 2016 are reserved. "This year's budget limit was PLN 730 million, from which 95 percent is already reserved. In accordance with the rules the statutory scheme [...], the remaining 5 percent of the funds planned in the budget will be used to provide funding as the additional financial support for beneficiaries of the program, who has born or adopted a third or subsequent child, " the bank explained. However, it is possible to submit an application for 2017 (with PLN 746 million budget) or 2018 (PLN 762 million). The Apartments for the Youth program was launched in 2014 and replaced the “Family on its Own” mortgage subsidy program, which expired at the end of 2012.