Daugavpils most actively uses 'Altum' housing loans in the regions
The 'Altum' mortgage program has supported housing purchases in Daugavpils, addressing the housing needs of larger families like the Logins.
The article focuses on the struggles faced by families in the Latgale region, specifically in Rēzekne, when searching for adequate housing. Ivara Logina's family, after the birth of their fifth child, found it increasingly challenging to secure a suitable living space as the local housing market has not seen new developments in decades. As a result, many families are reliant on the secondary market, making it difficult to find suitable accommodations.
To aid families like the Logins, the 'Altum' mortgage program has emerged as a crucial support tool, offering loans for housing purchases valued over 70,000 euros. Notably, this program also provides additional assistance specifically for families with multiple children, recognizing and addressing their unique challenges, especially related to schooling and transportation logistics. The article highlights how such financial programs can significantly alleviate the housing woes for families in need in Rēzekne.
Furthermore, the article underscores the importance of accessible housing in smaller municipalities and the role of local government programs in supporting family needs. It reflects on the broader regional challenges of stagnant housing development and the economic implications that such programs can have for ensuring families can secure adequate living conditions, particularly in areas that have struggled with population decline and economic stagnation.