One step before its activation is the Real Estate Acquisition and Releasing Agency, as the Ministry of National Economy and Finance announced the completion of the phase of unbundling binding offers to select the strategic investor to manage it.
According to the notice, a binding tender dossier was submitted by the company Christofferson, Rob & Co LLC, which after checking the completeness of the dossier and responding to the requirements of the declaration a temporary contractor has emerged.
The next interval the temporary contractor should provide the award documents and, if they are deemed to be complete, a final contractor will be declared and will be invited to sign the concession agreement. The contract will then be entered into Parliament for ratification, completing the investor selection process.
Upon completion of the above steps expected to enter into operation in autumn 2026 the Property Acquisition and Releasing Institution, which is a key pillar of the private debt management framework for vulnerable debtors. The participation of systemic banks, which will strengthen the 100 million-euro scheme, in agreement with the investor, is also considered determining its operation.
Until the full activation of the Entity remains in force, the Interim Debt Support Programme, through which the enforcement process of the main residence of beneficiaries is suspended and the loan is granted up to EUR 210 per month.
The new entity will enable vulnerable borrowers who lose their residence to remain in it as tenants, paying rent, with a view to repurchasing the property at a later stage under the conditions laid down in the current institutional framework.