Croatia builds affordable housing for young families
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In Garčin, a town in Slavonski Brod, Croatia, Vice President and Minister Branko Bačić laid the cornerstone for a new apartment building intended to help young families find housing.
The building represents the first project under a government program to provide affordable homes in less developed areas of the country. The six-apartment building will offer rentals at a rate of only 36 euro cents per square meter each month.
A 60 square meter apartment in the new building will cost residents just over 21 euros per month, significantly less than the Croatian market average of 10 to 12 euros per square meter. The Garčin municipality also purchased land to be divided and offered at favorable prices to young families, encouraging them to remain in the area.
The project, valued at 1.2 million euros, will be 85 percent funded by the European Regional Development Fund and 15 percent from the national budget. Construction company Tehnocolor expects to finish the building within 12 months, with residents moving in during the autumn of next year. The government plans to build 51 apartment buildings with 357 apartments and 130 family houses across Croatia through this program, with 71 units planned for the Brod-Posavina County.
