Consell approved the basket purchase bond and mortgage relief this morning. The real news about the anti-inflation aid is in the details to get access to this 90-euro card for food purchases. Spanish Finance Minister Arcadi announced that applications will be processed on April 20 and will remain open until July 14, 2023.
Generalitat Valenciana will have a helpline (96 099 01 07), a website, has prepared a device similar to that of a tourist voucher and is saving the subject of an online petition based on the Post Office network. Citizens will have four months from the issuance of the card to spend 90 euros on food, and as the minister stated, they can do so at any food establishment. There will be an online and physical version of the card. This second means giving conveniences to people without technology. After the applications and documents submitted by the relevant parties are reviewed, an informative SMS or e-mail will be sent regarding the resolution and collection of the Shopping Cart Check.
Spain declares the form to be filled out and then checked by the Ministry of Finance to determine if the requirements we remember are met: residence in the Community of Valencia (also the tax office) and an annual income of less than 21,000 euros in 2021. Consell calculates that half a thousand families can benefit and the estimated budget is 48.44m euros. In principle, it is considered a sufficient amount.
living place
Regarding housing benefit, Aitana Mas, Consell’s vice president and spokesperson, reported that the executive order on mortgage assistance and youth rental bonus has been approved. The Minister of Finance was tasked with giving details. Concerning the assistance program for natural persons whose habitual residence is in the Community of Valencia and who are part of vulnerable groups that have mortgage loans at their habitual residence under the variable interest rate regime, Consell has determined the starting amount of the assistance to be 6 million euros. , up to 18 million euros, although the loan can be increased depending on the applications made at the end.
The aid will be used to subsidize the applicant’s financial mortgage burden undertaken in the 12 months prior to the filing date. Specifically, two tranches are established based on the gross annual income level accredited by the family unit and the weight of the mortgage financial burden on its net annual income.
On the one hand, an aid of 600 Euros is offered for those with a gross annual income of 25.200 Euros and below, and an aid of 300 Euros for the financial burden of 40% of the annual net income and above, on the other hand. It can be used for gross income equal to or less than 33,600 Euro and more than 25,200 Euro and for a financial fee equal to or more than 50% of the annual net income, as already asserted.
Individuals whose tax domicile is in the Community of Valencia and who prove that in 2021 the annual gross income of the family unit is equal to or less than 33,600 Euros and who also hold a mortgage loan for the acquisition of habitual residence under the regime are eligible. Variable interest rate from this assistance, formalized before 30 June 2022, with an interest rate review after 1 April 2022, with a nominal amount awarded not exceeding EUR 240,000.
Similarly, the financing expense for the housing loan in the last twelve months must be more than 40% or 50% of the annual net income of the applicant’s household based on the annual gross income.
According to this Legislative Decree, the family unit is defined as the family unit formed by the debtor, his spouse or registered common-law partner, and the persons who can grant the right to apply the lower limit for descendants. Partial amendments to the Tax Law 35/2006 on Income of Real Persons and Corporate Tax, Income of Non-Residents and Equity, as well as partial changes in the laws regarding equal right holders living in the same place up to the second degree address.
The current situation as of 31 December 2022 will be taken into account in order to determine these co-living conditions. For this purpose, the application for assistance should include a comprehensive responsible statement of the persons who make up the cohabitation unit.
Young Hiring Bonus
In the new inflationary context, which increases the difficulty of accessing a home that provides personal autonomy to young people, the Decree-Law foresees the possibility of expanding the Youth Bonus of the State Housing Scheme in relation to the Youth Rental Premium. 30 million euros through an item from Generalitat’s own funds. In this way, Consell was able to reach 8,900 young people with a support of 250 euros per month for 2 years.