NSRF 2021–2027: Funding for housing, renovation subsidies up to 95%

Of the total amount, €1.91 billion is allocated to new strategic priorities, while an additional €224 million is earmarked for strengthening existing critical interventions. This reallocation falls within the new European framework aimed at enhancing the resilience and competitiveness of member states in the face of contemporary geopolitical and economic challenges.

The new strategic priorities include affordable and sustainable housing, safe access to water and sustainable water management, financing of critical technologies through the STEP initiative, support for defense, security, and civil preparedness, as well as the acceleration of the energy transition.

Two major benefits for Greece
Despite the advanced stage of program implementation, Greece managed to respond promptly to the review requirements, securing two significant advantages: the extension of eligible expenditures until 2030, and additional pre-financing of €650 million, of which approximately €450 million has already been disbursed to the country.

Special emphasis is placed on the housing sector, where an innovative initiative of approximately €500 million has been designed to subsidize the renovation of old private residences with modest energy upgrades. According to the plan, subsidies will range from 70% to 95%, covering both unoccupied and occupied older homes.

The program targets low- and middle-income households, with higher support rates for persons with disabilities, families with three or more children, single-parent households, young adults aged 25 to 35, and homes in mountainous or island regions.

The objective of this intervention is to increase housing supply, improve the quality of the residential stock, and promote quality homeownership, at a time when housing is emerging as one of the most pressing social challenges.

Deputy Minister of National Economy and Finance, Nikos Papathanasis, described the completion of the review as a “national success,” emphasizing that it demonstrates Greece’s strategy to ensure that not a single euro of available European funds is lost. NSRF Secretary-General Vasiliki Pantelopoulou noted that the review represents a substantial reallocation of European resources to the modern needs of the economy and society, with a focus on housing and social cohesion.

This NSRF review is considered pivotal, as it links European funds to critical national needs—from housing and the energy transition to competitiveness and defense—creating a more flexible financing framework for the next five years.