translated from Spanish: Launch a new line of procreation credits for the purchase of homes

The government will open tomorrow a new line of the plan procreate purchase, destined to families from all the country who wish to accede to the purchase of their house, that includes a mortgage credit granted by one of the participating banks, while the national State contributes A non-reimbursable subsidy to each taker of up to 18,000 GRAPE units ($674,000 pesos). This line is intended for people between 18 and 55 years of age at the time of registration and with monthly income from 25,000 to 87,500 pesos.
Families must have saved 10% of the value of the home purchase and a minimum working age of one year.
“We are making effective the request of President Macri and Minister Rogelio Frigerio to make a new call to procreate, which is totally in line with the housing policies that we draw when we start the management in relation to generate from the state Financial tools that benefit and boost demand, “anticipated secretary of Housing, Ivan Kerr. According to official estimates, the initial fee would be around $14,000 average. These new credits will have insurance which will cover part of the quota when it exceeds by more than 10% the evolution of wages. The cost of this insurance will be incorporated into the monthly payment and represent 1.5% of the fee. In this note:
Mortgages
Housing

Original source in Spanish