Axel Kicillof will present the Buenos Aires CREA Program to mayors

This Monday, Axel Kicillowill present to mayors the Buenos Aires CREA Program, through which credits are granted to finance the expansion or renovation of homes.

The governor, who had launched the program last week, this time will present the campaign to community leaders and provincial officials. The act that will lead Axel Kicillo It will take place in the Golden Room of the Government House, in La Plata.

Axel Kicillof will present the Buenos Aires CREA Program to mayors — With the credits, the people of Buenos Aires will be able to improve the conditions of their housing.

Through their social networks, Axel Kicillohighlighted over the weekend how successful the program has been, just days after it was launched, as more than 15,000 people have signed up to access financing.

The president indicated that the purpose of this program is not only that “more Buenos Aires families can improve the conditions of their homes”but also “motorize the economy, promoting construction and job creation”.

Axel Kicillof will present the Buenos Aires CREA Program to mayors

For this, this year 50,000 loans will be granted at a 0% interest rate, which the Government estimates will generate 16,000 jobs, with an investment of $20,000 million; while, by 2023, it is estimated that 50,000 more loans will be granted with an investment of $20,000 million.

The Buenos Aires Government specified that “the initiative is aimed at those families whose income is between one and five minimum wages, with repayment terms of three to six years, with grace of 3, 6 and 9 months, and installments of between 5 and 10 thousand pesos per month.

The governor stressed that the program will generate a higher level of employment.

Likewise, “Large families, people with disabilities or permanent physical limitations will have priorityas well as single-parent households or guardians with children under 18 years of age in charge, people in situations of gender violence, transvestite/trans people and households in neighborhoods with a situation of social or environmental vulnerability”.

How will the credits be?

The program that launched days ago the governor, will offer three lines of financing. The first will be for minor spare parts for a value of up to $185 thousand, whose return period is 36 installments.

Axel Kicillof will present the Buenos Aires CREA Program to mayors

The second will serve to make adaptations for accessibility or energy efficiency. The value of the loan will be up to $370,000 and will be paid in 72 installments. The third line will be for expansion; Financing of up to $740,000 will be granted, paid in 72 installments.

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