Housing development fund account and special-purpose loan account

This product will allow you to receive and redistribute financial support from the Housing Development Fund (FRB) intended for maintenance of existing housing fund – i.e. low interest rate loans to municipalities from the government.

Financial support from FRB is also available to private residential house and apartment owners in municipalities – specific-purpose loan accounts

Simple administration of received financial support

This product will also allow you to:

• Monitor transfer of funds to associated special purpose loan accounts
• Monitor deadlines for loan drawdowns
• Regular monitoring of overdue balances repayment – regular monthly reports for municipalities prepared by KB

Financial funds from the government loan may only be used after a municipal decree comes into effect and an agreement is concluded with a financial institution

Eligibility rules for the support are defined by the Ministry of Regional Development

Process of granting loans to residential building owners is regulated by a municipal decree

Rules for using financial funds from the Fund:

• In compliance with its decree, the given municipality shall deposit funds from an FRB loan into special current account (FRB current account)
• Lump-sum repayment of the loan – within 10 years from the day it is granted
• In a special decree, the given municipality shall specify the form of assistance, amounts of individual loan types, and their maturity and interest rates