2017-2019 in Budapest (opened up in February 2021 again), and 2017- in other parts of the country
Condominiums, housing cooperatives, family houses
Ministry of Finance, Ministry of National Economy, distributed through commercial banks
c.€28.57 million (10 billion HUF) in the Central Hungary region, c. €285.7 million (100 billion HUF) in the other parts of the country
The loan is financed from the EU Structural and Investment Funds and distributed through commercial banks. The Hungarian Investment Bank (MFB) created a country-wide network from commercial bank branches where people could apply for the loan. The Central Hungary region ran out of money quite soon, however the application procedure was reopened in February 2021. The loans mainly financed renewables for family houses around Budapest. According to the legislation, up to 25% of the funds were allowed to be spent on multi-family apartment buildings, but supposedly even this limit was not reached. It was allowed to be used for the improvement of energy efficiency and renewables.
Community Tailored Actions for Energy Poverty Mitigation in the CEE and CIS region
This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No #892054.
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