Young people and families can no longer afford their own home. Also in Lower Austria a big problem, because there many people are classic “house builders”. Head of state Mikl-Leitner (ÖVP) now offers a new model in which the state intervenes with its own resources. Unlike the federal government including the Financial Markets Authority (FMA).
Both are addressees of their demands. “A home must be affordable. It is also the best way to prevent poverty in old age.” She also gives examples: A young family needs a loan of 200,000 euros to buy a house and has 30,000 euros in equity.
The current rate is 40,000 euros, which can then be achieved by taking over the liability of the state of 10,000 euros. This five percent state liability requires the approval of the FMA.
Mikl-Leitner: “I expect the FMA will recognize this as a relief for people.” A total amount of commitments of approximately EUR 100 million is expected, to be approved by the Lower Austrian state parliament. Planned start: January 1.
Source: Krone
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