The government launched Procrear, which has already opened the registration of two lines of mortgage loans for construction and expansion. The first will grant 30,000 credits of up to $ 3.5 million and allows financing works of up to 60m2 and the expansion line plans to grant 2,000 credits of up to $ 1.5 million for works of up to 30m2.
After the opening of registrations for the personal credit lines of Microcredits, Refurbishment, and Gas Improvements, the National Government now opens the registrations for the Extension and Construction mortgage credit lines. Registration for these lines is done from the website of the argentina.gob.ar/procrear program.
The credits may only be used to carry out construction, extension and completion works of the family home of permanent occupation of the person who registers.
In the case of the Procrear Ampliación line, the maximum work allowed must not exceed 30 square meters and the dwelling with the extension included may not have a surface greater than 90 square meters covered.
Extension is understood to be the works that are carried out in a habitable dwelling that require a project aimed at increasing its surface, trying to optimize its condition.
The amount of credit for the Expansion line is up to $ 1,500,000, with a term of 180 months and with a fixed rate with adjustable capital in relation to the evolution of wages (Salary Evolution Coefficient published by INDEC), according to the new Hog.Ar. coefficient
The Construction line, for its part, includes loans that finance the completion of works and construction of up to 60m2. Termination is taken as those cases in which the pre-existing work progress does not exceed 70% of the approved work plan and all building work without pre-existing progress will be considered as a construction destination.
In the case of construction, the property to be built must itself constitute an independent functional unit, that is, at least one studio apartment, with bathroom, kitchen and separate entrance.
The Construction line credits go up to $ 3,500,000, have a term of up to 360 months and also have a fixed rate with adjustable capital in relation to the evolution of wages, with the new Hog.Ar. coefficient.
Some of the general requirements to take into account at the time of registration are: be Argentine, natural or by option, or foreigner with permanent residence, have a valid National Identity Document, the registered family group must have income from formal jobs, Retirements and / or Pensions and the sum of this net monthly income must be in the range of two (2) and eight (8) SMVyM at the time of registration.
Likewise, those who register must be between eighteen (18) and sixty-four (64) years of age. The Procrear program has a total of nine lines of credit between mortgage loans and personal loans. Among the mortgage loans, in addition to the Construction and Expansion lines, there are those for Urban Development, Housing Development and Lots with Services.
On the other hand, personal credit lines are divided into Refurbishment, Microcredits, Gas Improvements and Sustainable Improvements.
Through the nine lines, 300 thousand loans will be granted, 44 thousand new homes will be built and 10 thousand new lots with services throughout the country will be awarded.
Applicants’ family income may not exceed the equivalent of 8 times the minimum wage
With this relaunch of Procrear, the National Government seeks to recover and give new impetus to a federal initiative that, with an investment in 2020 estimated at $ 25 billion pesos, seeks to reaffirm the role of the State in urban planning policies and the use of water. inclusive land, which guarantee the right to housing and promote equal access to better living conditions for thousands of Argentines.
The estimated date for the next Procrear draw is September 30, where the families who will be able to access the formation of personal credits for the Repair and Microcredits lines will be known. In the next few days, the registration cut-off dates and the draw for the mortgage credit lines will be reported.
Among the requirements, the applicants’ family income may not exceed the equivalent of eight times the minimum, vital and mobile salary, that is, $ 135,000, and for the construction line they must not be the owner or co-owner of a home. While both the participant and the joint owner must meet the following requirements:
– Be Argentine, natural or by option, or a foreigner with permanent residence.
– Have a valid National Identity Document.
– The family group must have income from formal jobs, Retirements and / or Pensions. The sum of the family group’s net monthly income must be in the range of two (2) and eight (8) minimum vital and mobile wages (SMVyM) at the time of registration, that is, between $ 33,750 and $ 135,000.
– Be between 18 and 64 years of age at the time of registration.
Those who want to access these lines of credit will register through the website of the Ministry of Territorial Development and Habitat (https://www.argentina.gob.ar/habitat/Procrear).