The online platform of the new government contribution programme for vulnerable debtors has started operating, with the main objective of supporting their main residence until its transfer to the Real Estate Acquisition and Lease Agency.
As the Ministry of Finance said in a statement, the digital platform (https://www.gov.gr/ipiresies/periousia-kai-phorologia/diakheirise-opheilon/programma-suneisphoras-demosiou-se-eualotous-opheiletes-endiameso-programma) of the new government contribution programme for vulnerable debtors (law 4916/22) in order to support their main residence, until its transfer to the Real Estate Acquisition and Leaseback Agency (law 4738/20).
Specifically, the State support programme is addressed to vulnerable debtors who are unable to meet their loan obligations and includes
- State subsidy up to 80% of the mortgage instalment of the main housing loan of vulnerable debtors, from 70 to 210 euro per month for 15 months.
Suspension of creditor measures on the main residence (e.g. foreclosures, auctions and evictions).
A prerequisite for inclusion in the programme and the provision of the state subsidy is to meet the eligibility criteria - income, property and other criteria - established and in force in the welfare programme «Housing Allowance» (KYA 71670, Government Gazette 4500/B/29-9-2021).
These criteria are checked and cross-checked during the issuance of the «Certificate of Vulnerable Debtor», which is necessary for participation in the programme and is issued by an electronic platform of the Special Secretariat for Private Debt Management (https://www.gov.gr/ipiresies/periousia-kai-phorologia/diakheirise-opheilon/bebaiose-eualotou-opheilete).
The deadline for submitting applications to the interim programme:
- Where the seizure or declaration of bankruptcy has taken place before the launch of the platform, it is within 60 calendar days from 15.9.2022.
Where the seizure or declaration of bankruptcy takes place at a later time than the launch of the platform, it is within 60 calendar days from that day.
The submission of all applications is completed at the end of 15 months, i.e. until 15.12.2023 or until the operation of the Real Estate Acquisition and Re-leasing Agency, whichever comes first.
At the end of this programme, vulnerable debtors who will be unable to service a long-term and sustainable debt arrangement will have to turn to the special body of Law 4738/20 for debt adjustment and second chance.
The platform for the electronic submission and management of applications was designed by the Special Secretariat for Private Debt Management of the Ministry of Finance, in cooperation with the General Secretariat for Digital Governance and Simplification of Procedures and the General Secretariat for Public Administration Information Systems of the Ministry of Digital Governance, from which it is continuously supported and hosted in its infrastructure. The platform is accessible through the Single Digital Portal of Public Administration https://www.gov.gr/ipiresies/periousia-kai-phorologia/diakheirise-opheilon/programma-suneisphoras-demosiou-se-eualotous-opheiletes-endiameso-programma.
For further information on the institutional framework and debt management options, citizens can contact the Borrower Information and Support Centres (KEFD/GEYD), by appointment at 213.212.57.30.
