The "First House Projects" was published today in the Official Monitor. The documents states the requirements for beneficiaries, houses, as well as the banks that can participate.

It also describes the procedure of how a mortgage and state liens are given.

At the same time, on Particip.gov.md was published a project of Ministry of Finance regarding the mortgage rates. It will amount to 0.5% each year from the state lien and will be valid during 2018 - 2019.

The banks will have to transfer each three months the commission on the account of Organization for Small and Medium Enterprises Sector Development.

The First House Project was approved by the Parliament at the end of last year. Only people under 45, with an official employment and that don't own real estate, or other mortgage loans are eligible.

Their salaries have to be at least the double of the monthly rate, while the state will pay 50% of the mortgage.

For 2018, state budget will offer for this project 50 million lei.

The program will be implemented through Organization for Small and Medium Enterprises Sector Development.