Athens Launches Home Renovation Program to Help Vulnerable Families

Athens, Greece - A new program offering financial assistance for home renovations aims to increase the availability of affordable housing in Athens. Property owners in the Greek capital have until January 31, 2025 to apply for the program, which prioritizes homes that will be rented to vulnerable households.

The initiative, announced by Minister of Social Cohesion and Family Sofia Zacharaki, represents a key component of the government's broader strategy to tackle social housing shortages. "Reducing inequalities and supporting vulnerable households are top priorities," stated Zacharaki, emphasizing a commitment of nearly €5 billion by 2025 towards social housing initiatives.

This specific program, a joint effort between the Ministry of Social Cohesion and Family and the Municipality of Athens, has secured €1,032,114 in funding from the Greece 2.0 National Recovery and Resilience Plan. The funds will subsidize the renovation of 70 homes, with a maximum subsidy of €10,055 per property. In exchange for the financial assistance, participating landlords must commit to renting their renovated properties for a minimum of four years.

Interested property owners can find further details and submit their applications online at athenskatoikia.gr.