Regional Development Ministry to release 1.6 billion for construction of rental apartments

The Regional Development Ministry is planning to release 1.6 billion crowns for the construction of new rental apartments, a move aiming to address the social housing shortage, the ctk news agency reported. The program will be open to municipalities, associations, charities and legal entities. The ministry will release 800 million crowns this year for the Rental Housing Program, which combines subsidies and soft loans. In addition, it plans to acquire 8 billion crowns from the National Renewal Plan for the construction of new housing and provide 1.6 billion crowns to municipalities for the preparation of projects and investments.