The aim of the short-term interest rate subsidy is to increase the production of affordable rental apartments that are offered to residents based on social criteria in areas with long-term demand for rental housing. The apartments are allocated to low and middle-income households that need rental housing. The resident selection is only based on the income of the household. The applicants are not required to justify their need for the apartment or give information on their wealth.
The housing application must include questions on at least the size and income of the household. Payment default entries in the credit record must not be an obstacle to applying for an apartment. The company must notify the applicants if it intends to check their credit record. Default entries are not regarded as an obstacle to receiving an apartment, at least if they are insignificant or if the credit record shows that the defaults have not been recurrent. The causes, severity and frequency of the payment defaults are assessed case by case.
There is no need to prioritise applicants on the basis of their income level, only the upper income limit applies. The prerequisite for being selected as a resident is that the monthly income of a one-person household does not exceed EUR 3,540.
Examples of income thresholds for short-term interest rate subsidies:
| Number of persons in the household | Income (gross) €/month |
|---|---|
| 1 adult | 3,540 |
| 2 adults | 6,020 |
| 1 adult and child | 4,190 |
| 2 adults and child | 6,670 |
| 2 adults and 2 children | 7,270 |
| 2 adults and 3 children | 7,870 |