Key Benefits:
See the copyright notice Conditions of use .
In accordance with the decision of the Parliament:
A credit institution, an insurance company, a pension institution or a municipality may be eligible for an interest subsidy. (lender) Loans granted under the Housing Company Act (809/91) For a housing limited company house. Loans are appointed under this law as interest rate subsidies.
Under this Act, no interest subsidy shall be payable if the borrower is paid for the same purpose under other law, or if the borrower has been granted a loan for the same purpose by the State Housing Fund or other State resources. However, interest payments may be paid if the loan referred to above has been repaid.
Interest rate loans may be authorised within the limits of the authorisation laid down in the State budget.
Interest rate subsidies may be granted:
1) for the construction of a housing limited company house; or
2) the basic improvement of the building referred to in Articles 1 and 2 of the Housing Company Act.
The acquisition of the house shall be included in the construction of a new building where, for a maximum of one year or two, two years have elapsed since the building supervisor approved the building.
Basic improvement shall mean measures to:
(1) an increase of the original level of the dwelling, of the dwelling building or of their yard or of any other immediate environment is raised from the original level or returned, mainly by non-annual correction measures, to a new or original level; or
(2) existing facilities are mainly converted or expanded into dwellings or related facilities.
A mortgage loan can only be accepted for a mortgage on which the contract has been awarded.
The dwellings to be lent by a subsidised loan shall be suitable for habitation, where they live in terms of habitability and in terms of renovation or renovation costs.
Renewed construction and improvement must be based on a competitive procedure, unless the Centre for the Development of Housing and Development grants a derogation.
The amount of the interest rate subsidy granted for a housing limited company house shall not exceed 40 % of the costs of the project referred to in Article 3, which may also include reasonable costs for the municipal health exercise of the plot. If the basic improvement measures improve the energy economy of the housing stock company house, reduce emissions from energy use or the introduction of renewable energy sources, Does not exceed 50 % of the cost of the project.
The interest rate charged by the borrower on interest rates shall not exceed the interest rate which the lender generally applies to loans granted for similar purposes.
The other costs related to the loan granted by the borrower shall not exceed the quality and size of the loans granted by the lender in general to the corresponding loans.
Interest payments shall be paid up to a maximum of 15 years from the date of the first instalment of the loan. More detailed provisions on the amount of interest subsidies, time of payment and the general terms of the interest rate subsidy will be given by the Council of State. The State Treasury pays interest subsidies to the lender or the entity authorised by the lender.
The Housing and Development Centre shall decide whether to approve the loan as an interest rate loan.
If the interest rate subsidy is repaid in full, the payment of the interest subsidy from this loan shall cease from the date of repayment of the loan. If the borrower has paid the interest subsidies by taking a new loan from the same or another lender for the same purpose, the payment of interest subsidies will continue if the Housing and Development Centre accepts a new loan as an interest rate loan. The Housing and Development Centre shall inform the State Treasury of an interest rate loan of a new loan. After the construction of the building, interest subsidies can only be paid if the new owner of the building is also a limited liability company within the meaning of Article 1 or 2 of the Housing Company Act and has taken over the interest rate loan.
Where the borrower has used an interest rate loan for purposes other than that provided for by this law, or has, when applying for an interest rate loan, provided incorrect information or withheld information which is substantially affecting the acceptance of the loan, The Housing and Development Centre may cancel the payment of interest subsidies. The borrower may then be obliged to repay the loan from the loan to the State. In addition, the interest rate subsidy shall be paid on the basis of the annual rate of interest in the interest rate, including the annual interest rate. (633/1982) The interest rate referred to in paragraph 3. If the refund or interest is not paid within the time limit, the amount due shall be payable on the date on which the interest is due on the basis of the interest rate indicated above.
The Housing and Development Centre, the Treasury and the lender shall ensure that the use of borrowed funds and the interest rate subsidy are in accordance with this law. The borrower and the beneficiary shall be obliged to provide the Housing Financial and Development Centre and the State Treasury with the information necessary to establish that the interest rate subsidy has been used for the approved purpose and under this law and under it. In accordance with the provisions laid down and the conditions of the loan have been complied with.
The applicant, who is dissatisfied with the decision of the Centre for the Financing and Development of Housing within the meaning of this Act or the provisions adopted pursuant to it, may apply for a correction of the decision within 14 days from the notification of the decision. The adjustment requirement shall be made to the authority which took the decision. A decision to request an adjustment shall be accompanied by a request for a correction. The adjustment requirement shall be addressed without delay.
The decision of the Centre for the financing and development of the Housing and Development Centre, which concerns the decision of the Centre pursuant to Article 8 of the Centre, shall not be claimed by any appeal. An appeal against a decision on an adjustment claim may be appealed against in the form of a change in the administrative law (18/06/1996) Provides.
More detailed provisions on the implementation of this law shall be adopted, where appropriate, by a regulation.
This Act shall enter into force on 1 April 1996. This law shall apply to loans granted on or after 1 January 1996, provided that construction or improvement has been started on or after 1 January 1996.
Before the entry into force of this Act, measures may be taken to implement it.
THEY 8/96 , YmVM 1/96, PeVM 5/96, EV 27/96This Act shall enter into force on 1 April 1999.
Before the entry into force of this Act, the provisions in force at the time of entry into force of the Act shall apply.
THEY 237/1998 , YmVM 7/1998, EV 251/1998
This Act shall enter into force on 1 January 2009.
Before the entry into force of this Act, loans approved as interest rate loans shall be subject to the provisions in force at the time of entry into force of this Act.
Before the entry into force of this Act, measures may be taken to implement the law.
THEY 143/2008 , YmVM 10/2008, EV 136/2008
