Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Significant Detail Revealed About the Home Renovation Program

A crucial piece of information has been disclosed regarding the new home renovation program: the amount of non-repayable support one can receive will depend on the income conditions characteristic of their municipality.
While this was previously known, the Ministry of Energy and the Ministry of National Economy have now revealed where the boundaries are set. The most significant support will be available to those whose place of residence has a net average monthly income below 312,450 forints.

The government is gradually releasing details of the home renovation program, intended to be announced in early June, just days before the municipal and European Parliament elections, with a total budget of 108 billion forints. It has now been clarified how differentiation will be made among applicants from different municipalities, indicating how much personal contribution will be required in the energy renovation of family houses targeting investment.

Through the program, an investment of up to seven million forints per applicant can be supported, provided that these investments achieve at least a 30 percent energy saving on the property. The majority of the amount will be personal contribution: one million forints must be initially invested, with six million forints financed partly through subsidized loans and partly through non-repayable grants under the National Recovery and Resilience Plan REPowerEU chapter.

It was already known that the non-repayable support would vary for everyone, depending on the district income conditions – how much the local average income deviates from the national average – to determine whether 2.5 or 3.5 million forints of the six million would be waived. On Friday, the Ministry of Energy and the Ministry of National Economy shared the details in a joint communication:

- Applicants in areas where the income does not reach 75 percent (312,250 forints net*) of the national average can access the highest support of 3.5 million forints according to the ministries, there are 63 such districts;

- Those in areas where the local average income falls between 75-110 percent (312,450 to 458,260 forints) of the national average can receive three million forints in support a characteristic of 96 districts,

- The lowest support, amounting to 2.5 million forints, will be available to those whose place of residence has an average income exceeding 110 percent of the national average (at least 458,260 forints net monthly) there are 38 such districts.

According to the latest data from the Hungarian Central Statistical Office, the national net average income of full-time employees, taking into account benefits, was 416,600 forints.

The ministries also noted that:

- The investment can exceed the seven million forints cap, but the supported financing can only be availed up to six million forints, requiring at least one million forints of personal funds,

- The support can be claimed for investment plans in family houses lived in on a habitual basis, including both single and multiple dwelling houses.

They also reminded of the nature of the supported works:

- Insulation of external limiting elements of the building,

- Replacement of doors and windows,

- Modernization of the domestic hot water system,

- Upgrading the heating system with a high-efficiency gas boiler, including related chimney lining and associated radiators (raising questions about whether the installation of central heat pumps or heat pump air conditioners would also be supported).

The program will be managed by the technical assisting organization of the Hungarian Development Bank Plc., the ÉMI Non-Profit Limited Company for Quality Control and Innovation in Building. Applications can be submitted at the commercial banks' MFB Points, expected from early summer until the end of 2026. According to the ministries, social consultation of the program is expected to begin in the coming weeks.

Related Articles

ICC Seeks Arrest Warrants for Israeli and Hamas Leaders
Julian Assange Faces US Extradition: Key Facts
Jacob Zuma Takes Campaign to ANC Stronghold Soweto
Attempted Assassination of Slovakia PM Robert Fico: Investigation Ongoing
Top Tory MP Raises Concerns Over Government Green Targets
Keir Starmer’s Six Key Promises Evaluated
Slovakia Faces Political and Social Turmoil
France Riles Allies by Inviting Russia to D-Day Ceremony
Poland to Spend €2.3 Billion to Reinforce Border with Russia and Belarus
Poland Supports Rolls-Royce's Nuclear Power Plant Initiative
European Ports Overflow with Unsold Electric Vehicles
Esprit Files for Bankruptcy in Europe, Putting Hundreds of Jobs at Risk
Tesla Receives Approval for German Plant Expansion
Slovakian Prime Minister Robert Fico is in life-threatening condition after being shot multiple times
Xi Jinping Highlights Europe's Divisions Ahead of Putin Visit
German Court Rules AfD Can Be Monitored for Extremism
Xi Jinping Highlights Europe's Divisions Ahead of Putin Visit
UN General Assembly Approves Palestinian Membership Bid
Teens Forming Friendships with AI Chatbots
WhatsApp Rolls Out Major Redesign
Neuralink's First Brain Implant Experiences Issue
Apple Unveils New iPad Pro with M4 Chip, Misleading AI Claims
OpenAI to Announce Google Search Competitor
Apple Apologizes for Controversial iPad Pro Ad Featuring Instrument Destruction
Boeing 737 Catches Fire in Senegal, 10 Injured
Cruise Ship Arrives in NYC with Dead 44-Foot Whale on Bow
Trump lawyer questions Stormy Daniels' account of sex with Trump
Hunter Biden's Gun Charges Upheld, Trial Set for June
Last Indian soldiers leave Maldives
Espionage Scandal in Poland: Listening Devices Found Before Government Meeting
Apple Faces Significant Sales Decline Amid AI Integration Delay
Netanyahu's Firm Stance Amid Rafah Hostage Talks
New UK Laws: Banning Weak Passwords for Internet-Connected Devices to Enhance Cybersecurity
Spanish Prime Minister May Announce Resignation
New Study: Vaping May Lower Fertility in Women Trying to Get Pregnant
U.S. DOJ Seeks Three-Year Sentence for Binance Founder Changpeng Zhao
Orban: Destroy Liberal World Order - Predicts End This Year
Diplomatic Tensions: Sunak Clashes with Macron Over Rwanda Plan
A Jewish woman was kidnapped and raped in Gennevilliers (a suburb in western Paris), France, on the background of hatred for Israel
Russia: Deputy Defense Minister Arrested on Suspicion of Taking Bribes
Stanford Researchers Discover Child Abuse Material in AI Image Generator Dataset: Can Regulations Prevent Explicit Deepfakes of Children?
Record-Breaking 'Extreme Heat Stress' Days in Europe's Contrasting 2023 Summer: A Health Threat
Thousands Evacuated: 1,000-Kg NATO Bomb Removed from Serbian City
European Car Sales Drop 5.2% in March: Electric Vehicles Face Challenges Amidst Market Downturn and High Prices
Urgent Call from William Burns as Kyiv Braces for Russian Summer Offensive.
IMF Boosts Russia's 2024 Economic Growth Forecast to 3.2%
Creative menu of a Pizza restaurant..
The communists couldn’t ban us and neither could the Brussels bureaucrats. The second day of the NatCon Talk conference is underway.
You can be a very successful player, but a player with character is another level!