Affordable Accommodation Minister Roderick Galdes revealed on Wednesday that over 2,500 first-time buyers applied for a €1,000 annual cash grant.
The scheme will see all first time buyers who bought a property since January 1st of last year and obtained a loan will be eligible to receive an annual €1,000 for 10 years.
With the first grant issued this June, those interested will have up until the end of May to do so.
The scheme was part of the Labour Party’s 2022 electoral manifesto, with Minister Galdes explaining how from January 1st, the housing authority registered more than 3,250 applications from people coming from different social contexts.
Chief Executive for the Housing Authority Matthew Zerafa said that in the first few months of this year, the authority implemented with success this scheme with an efficient process so as to avoid bureaucracy and ensure no abuses.
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