Government Housing Development Fund was established in Bank Gospodarstwa Krajowego under the Act of 10 December 2020 on changes of certain acts supporting housing development (Journal of Laws of 2021, item 11).
The aim of the Fund is to improve the availability of flats by stimulating new housing investments on the market of flats built for rent by Social Housing Initiatives.
The Fund’s resources are for financing part or entire costs of municipalities for taking up of shares in created or operating Social Housing Initiative.
The support is for
- financing of 10 per cent of the costs of housing investment implemented by an operating Social Housing Association or Social Housing Initiative,
- creating a new Social Housing Initiative in the amount up to PLN 3 million.