The new “Save – Renovate for Young People” program is part of the “My Home” housing program. The applications will start from next Thursday, May 18, on the exoikonomoneon.gov.gr platform.
Beneficiaries of the “Save – Renovate for Youth” program will be able to submit their applications at exoikonomoneon.gov.gr until Friday, September 15, 2023.
The new program has a budget of 300 million euros and according to the Ministry of the Environment it will enable 20,000 young people between the ages of 18 and 39 to upgrade energy and renovate their homes.
“Save – Renovate for Youth” is divided into two sub-sections:
- “Save”, with a budget of 200 million euros, of which 40 million euros are allocated exclusively to vulnerable households, and concerns energy saving interventions, such as window replacement, thermal insulation, heating-cooling systems, hot water supply systems and smart home.
- “Renovate”, whose budget amounts to 100 million euros, includes renovation interventions, such as renovation of bathrooms and kitchens, replacement of the entrance door, replacement and repair of electrical and plumbing installations as well as floors.
A basic condition for inclusion in the subsection “Renovate” is the mandatory inclusion first in the subsection “Save”.
Who has the right to join the. “Saving – Renovating for young people
- All young people who were born between 01/01/1984 and 31/12/2005, with a family income of up to 50,000 euros for joining the “Save” scheme, and up to 20,000 euros for joining the “Renovate” scheme.
- Beneficiaries should be the owner of the property, with any real right and occupy it, or be full owners, or usufructuary and rent it, to join “Escogano”.
- Beneficiaries should have a real right of full ownership / usufruct of at least 50%, in order to join “Renovate”. Small ownership is excluded.
- They do not have the right to submit to “Save – Renovate for Young People” residences with an active application in one of the energy upgrade programs: “Ecoconomisi per Oikon II”, “Ecoconomi – Autonomou” and “Ecoconomi 2021”.
A dwelling, to be considered eligible, must be a single-family house or detached apartment and must:
- It exists legally.
- It has not been deemed demolishable.
- It is used as a main residence.
- To be classified in an energy class category lower than or equal to C, based on the Energy Performance Certificate (PEA).
The Program covers eligible costs up to 32,500 euros, for the energy upgrade and renovation of a residence. Specifically by subsection:
1. Selectable “Save” budget: Up to 22,500 euros.
The program covers from 45% to 90% of the amount of eligible energy interventions, while the remaining amount can be covered by an interest-free loan.
2. Eligible “Renovate” budget: Up to 10,000 euros.
Through “Save – Renovate for Young People” up to 30% of the amount of eligible renovation interventions is covered, while the remaining amount can be covered by a low-interest loan of up to 7,000 euros.
The percentage of the subsidy is graduated, depending on the income category to which the applicant will belong and is defined as follows:
Special care is provided for applicants who have many children, with an additional grant (bonus), amounting to 15%.
“Save – Renovate for Young People” is a program that is fair to citizens, as a network of social, economic and energy criteria is applied for their inclusion.
The criteria are:
#Applications #Detailed #guide
Interview with Maria Kourouklis, Director of the “My Home” Housing Program
Editor: Thank you for joining us today, Maria. The new “Save – Renovate for Young People” program is attracting a lot of attention. Can you tell us what inspired the Ministry of the Environment to launch this initiative?
Maria: Thank you for having me. The motivation behind this program stems from our commitment to support young people in achieving sustainable living conditions. With the rising cost of living and housing, we recognized the need for tailored solutions that help young individuals improve their living standards while also addressing energy efficiency—an essential factor in today’s economy.
Editor: The program has a substantial budget of 300 million euros. What do you envision this will accomplish for the target demographic of 18 to 39-year-olds?
Maria: Our goal is to enable up to 20,000 young people to enhance their homes through energy upgrades and renovations. We believe this initiative not only assists them financially but also promotes a culture of sustainability. By improving energy class ratings of homes, we will collectively reduce our carbon footprint and energy consumption.
Editor: Could you explain the key features of the program, particularly the difference between the “Save” and “Renovate” subsections?
Maria: Absolutely. The “Save” subsection focuses primarily on energy-saving interventions, with a budget of 200 million euros, including specific allocations for vulnerable households. This encompasses things like replacing windows, enhancing thermal insulation, and upgrading heating systems. The “Renovate” subsection, with a budget of 100 million euros, addresses comprehensive renovations—kitchen and bathroom upgrades, replacements of doors, and other essential home improvements. Importantly, applicants must first apply to “Save” before they can access funds for renovation.
Editor: What are the eligibility requirements for young people interested in applying?
Maria: To qualify, applicants must be between the ages of 18 and 39, with a family income cap of 50,000 euros for “Save” and 20,000 euros for “Renovate.” Additionally, they must be the owner or usufructuary of the property, which must be their primary residence and legally standing. It’s also crucial that applicants do not have ongoing applications in other energy upgrade programs.
Editor: Financial support plays a big role in these kinds of initiatives. What kind of financial assistance can participants expect?
Maria: Eligible applicants can receive up to 32,500 euros for their projects, with the “Save” portion covering up to 22,500 euros for energy upgrades at 45% to 90% funding rates. The “Renovate” section can cover up to 10,000 euros, with 30% of eligible renovation costs funded. For remaining balances, participants can access interest-free or low-interest loans to assist in completing their renovations.
Editor: The application window opens soon. What would you say to encourage young people to take part in this program?
Maria: I urge all eligible young individuals to consider applying. This is a unique opportunity to make your home more energy-efficient and comfortable while benefiting from significant financial support. By taking part, you’re not just improving your living space; you’re contributing to a greener future. Mark your calendars for May 18 and visit exoikonomoneon.gov.gr to apply!
Editor: Thank you, Maria, for sharing this valuable information. I’m sure many young people will benefit from this initiative.
Maria: Thank you for having me! We look forward to helping young people create better living environments.
Interview with Maria Kourouklis, Director of the “My Home” Housing Program
Editor: Thank you for joining us today, Maria. The new “Save – Renovate for Young People” program is attracting a lot of attention. Can you tell us what inspired the Ministry of the Environment to launch this initiative?
Maria: Thank you for having me. The motivation behind this program stems from our commitment to support young people in achieving sustainable living conditions. With the rising cost of living and housing, we recognized the need for tailored solutions that help young individuals improve their living standards while also addressing energy efficiency—an essential factor in today’s economy.
Editor: The program has a substantial budget of 300 million euros. What do you envision this will accomplish for the target demographic of 18 to 39-year-olds?
Maria: Our goal is to enable up to 20,000 young people to enhance their homes through energy upgrades and renovations. We believe this initiative not only assists them financially but also promotes a culture of sustainability. By improving the energy class ratings of homes, we will collectively reduce our carbon footprint and energy consumption.
Editor: Could you explain the key features of the program, particularly the difference between the “Save” and “Renovate” subsections?
Maria: Absolutely. The “Save” subsection focuses primarily on energy-saving interventions, with a budget of 200 million euros, including specific allocations for vulnerable households. This encompasses replacing windows, enhancing thermal insulation, and upgrading heating systems. The “Renovate” subsection, with a budget of 100 million euros, addresses comprehensive renovations—kitchen and bathroom upgrades, replacements of doors, and other essential home improvements. Importantly, applicants must first apply to “Save” before they can access funds for renovation.
Editor: What are the eligibility requirements for young people interested in applying?
Maria: To qualify, applicants must be between the ages of 18 and 39, with a family income cap of 50,000 euros for “Save” and 20,000 euros for “Renovate.” Additionally, they must be the owner or usufructuary of the property, which must be their primary residence and legally standing. It’s also crucial that applicants do not have ongoing applications in other energy upgrade programs.
Editor: Financial support plays a significant role in making this initiative accessible. Can you elaborate on how the funding works?
Maria: Of course. For the “Save” subsection, eligible energy interventions can receive between 45% to 90% funding, with the remaining amount potentially covered by an interest-free loan for up to 22,500 euros. The “Renovate” section provides up to 30% coverage for renovation costs, with a maximum of 10,000 euros, and offers a low-interest loan option up to 7,000 euros. Additionally, families with multiple children receive an extra bonus grant of 15%, ensuring that our support reaches those who may need it the most.
Editor: Thank you, Maria, for sharing these insights into the “Save – Renovate for Young People” program. It certainly sounds like a promising initiative to support our youth in creating sustainable and comfortable living spaces.
Maria: Thank you for having me! We look forward to seeing the positive impact of this program on young people’s lives.
