The Buenos Aires government reopened the registration to Buenos Aires CREATEthe program of Accessible credits for those who want to carry out reforms, spare parts or extensions at home. The announcement was made after 20,000 beneficiaries accessed the first stage
As in the first stage of the plan, one of its main characteristics is that the fee does not exceed 25% of the monthly income and that the return is between 3 and 6 years.
Those who want to sign up can do so until February 6, while those who already did so in the fourth draw and have the application approved do not need to do so again.
As highlighted by the Executive of Axel Kicillofthe program will make it possible to deliver throughout this year some 50,000 credits and will generate 16,000 jobsthrough the three lines of credit available: for minor and major spare parts, and extensions.
The program is considered a policy with a gender perspective by the Buenos Aires government, since it “strengthens access to credit for women and diversities.”
The credits will be granted in “housing units” (UVIs), which implies that the amounts will accompany the updating of the construction prices, the quota will be updated through the “HogarBA” formula that “guarantees that it will not be able to exceed the average increase in wages and will have a period of between 6 and 12 months to start paying.
THE LINES
minor repairs
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For improvements or spare parts.
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Repayment term: up to 36 monthly installments
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Payment begins 6 months after disbursement
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Maximum amount; 1,560 UVIs, equivalent to 268,210 pesos as of January 1, 2023
Major spare parts
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For spare parts, adaptation-accessibility or energy efficiency.
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Repayment term: up to 72 monthly installments.
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Payment begins 9 months after the first disbursement.
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Maximum amount: 3,120 UVISs (equivalent to $536,412 as of January 1, 2023)
extensions
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For spare parts, adaptation-accessibility or energy efficiency.
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Repayment term: up to 72 monthly installments.
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Payment begins 12 months after the first disbursement.
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Maximum amount: 6,240 UVISs (equivalent to $1,072,843 as of January 1, 2023)
To access the requirements and enroll, click here.
