For whom is reconstruction grant suitable?
The grant is designed for associations and communities wishing to reconstruct their apartment buildings as completely as possible. The grant may be combined with the renovation loan of KredEx to decrease the share of required self-financing, as well as with collected own funds. Apartment buildings constructed since 1993 that do not belong in the renovation loan target group of KredEx may combine the grant with regular loan. The grant may be applied for in the amount of 15%, 25% and 35% of the total project cost depending on the level of integration in the reconstruction of the relevant apartment building.
Applications are accepted until June 30th, 2014 or until the funds are exhausted. All construction tasks (Project tasks) need to be completed (delivered with instruments of delivery and receipt) latest by November 1st, 2014.
What are the main terms?
How to apply for the reconstruction grant?
To apply for the grant, a relevant application shall be submitted to the bank issuing the renovation loan with an application for renovation loan.
The grant shall be paid upon the completion of all construction tasks.
In the event of questions regarding the reconstruction grant, please write to e-mail address ketoetus[at]kredex.ee or contact our client managers.