Availability of modern housing Financing and the state support Reinis Bērziņš, Attīstības finanšu institūcija Altum 2022.gada 6.jūlijs

1. AVAILABILITY OF MODERN
HOUSING
Financing and the state support
Reinis Berzins
Chairman of the Board
reinis.berzins@altum.lv
67774010

2. OPTIONS
- Housing guarantees for families with children, young
professionals, BALSTS subsidy
- Guarantees for soldiers
- Energy efficiency of residential buildings (I and II program)
- Renovation loans for residential buildings / rental houses
- Financing of a construction of low-rent housing
WORK IN PROGRESS

3. HOUSING GUARANTIES FOR FAMILIES AND
YOUNG PROFESSIONALS
30%
The total share of state
supported loans in portfolio of
the banks
10-30%
Amount of a guarantee
509
Subsidies issued to families
with 3 or more children to
cover the first instalment
21 350
Number of guaranties issued
since 2015
1.5 billion EUR
Amount of bank loans issued
with state guaranty support
31 000 children
Children living in the housing
financed with the state support
Dec, 2021

4. ENERGY EFFICIENCY OF RESIDENTIAL
BUILDINGS
503 grants
to be
issued
Disbursed
more then
117 mEUR
Supported
18 600
families
59% of
incured
energy
savings

5. PROJECTS ALL AROUND LATVIA
Riga un suburbs
KURZEM
E
VIDZEME
LATGALE
ZEMGAL
E
464
208
148
49
120
132
38
7
66
77
FINISHED PROJECTS
SUBMITTED PROJECTS
FEB, 2022

6. FINANCING FOR A CONSTRUCTION
OF LOW-RENT HOUSING (Q3, 2022)
- RRF funding 42,9 mEUR
- Loan up to 30 years, capital rebate 25%-30%
- Developer: private/public company/cooperative
- Outside Riga/surrounding municipalities
- Tenant – income thresholds set. Municipalities form the
queue for apartments
- Rent 5 EUR/m2 + costs

7. altum@altum.lv
6777 4010