CMC approves list of preferential housing loan beneficiaries
The Chisinau Municipal Council (CMC) has approved at its last meeting a list of 167 persons who will enjoy benefits when obtaining preferential loans for building houses, purchasing dwelling space or for home repairs.
The list includes 75 participants in the military actions for the territorial integrity and independence of Moldova, 34 Afghanistan war veterans, 24 Chernobyl disaster veterans, 33 rehabilitated victims of political repressions, and one citizen who can not return to his permanent home for political reasons. The general Finances Division was empowered to register and issue letters of guarantee to these beneficiaries.
The total sum of loans adds up to about 12 mln lei. 50% of the loans will be repaid from the municipal budget. There are available loans worth MDL 82,000 loan for purchasing dwelling space and MDL 25,000 for home repair that can be taken out form commercial banks and will be fully repaid. In 2005 and 2006, preferential loans worth MDL 18.6 mln were repaid by the local budget.
The municipality also pays bank interests for the persons employed in the budgetary system. Persons who work at the moment in the budgetary system in Chisinau municipality, have at least a two-year length of service in a budgetary institution and their living conditions need to be improved, will have their bank interests paid by the municipal budget. The bank interest that will be paid off from the local budget will be calculated resulting from the terms stipulated by the mortgage loan contracts, concluded with the financial institutions, and by the investment contracts regarding the construction of the dwelling space concluded with the construction companies. At the same time, it must not be higher than the basic interest (11%) for the long-term loans established by the National Bank.