The new program will be financed through NSRF (ESPA) resources and will cover expenses for the energy upgrade of older residences, combined with their overall renovation. The government’s objective is for the general renovation costs to represent a larger share (60–80%), while energy upgrade expenses will account for a smaller portion (20–30%).
According to the Hellenic Property Federation (POMIDA), this program could prove particularly beneficial for society, provided that no property or income criteria are imposed that would exclude those capable of renovating their homes and offering them for long-term rental. POMIDA also stresses that the program must avoid excessive bureaucracy and delays in subsidy payments, which would otherwise discourage property owners from participating.
“The housing issue—an important pan-European challenge—has been officially placed on the EU agenda for the first time, and the Prime Minister has taken the initiative to develop a new pilot program for Europe,” said Deputy Minister of National Economy and Finance, Nikos Papathanasis, in interviews with ERTNEWS and Kanali 1–90.4 FM.
“As part of the broader review and reallocation of funds, negotiations with our European partners are underway for the new program, which will support home renovations not limited solely to energy upgrades. Subject to approval, the new program will be launched after ‘Exoikonomo 2025’, possibly in the first months of 2026,” he added.
The “My Home” Program
Papathanasis also noted that the government’s housing policy is structured around a comprehensive package of measures worth €6.5 billion. Under the ‘My Home II’ program alone, thanks to the expanded income and age criteria, 65.45% of the program’s total budget has already been allocated, covering 11,000 loans worth €1.258 billion.
The average loan amount is €119,490, with 58.8% of loans granted to applicants with annual incomes up to €24,000. Many of the approvals concern properties in regional areas, particularly Central Macedonia, Thessaly, Thrace, and Western Greece.
“There is no reason to talk about a ‘My Home III’ program,” he emphasized, “since funds are still available under ‘My Home II’, allowing more low-income citizens to benefit.”
Greece Among EU Leaders in Fund Absorption
The Deputy Minister reiterated that Greece ranks among the top EU countries in terms of absorption of NSRF and Recovery and Resilience Facility (RRF) funds, as confirmed by the official EU statistics. Total disbursements from the RRF have reached €23.4 billion, representing 65% of the total allocation, following the sixth payment request, which has already received positive preliminary approval from the European Commission.
He cited several examples of projects funded by European resources, including electric buses, preventive medical examinations, interactive boards in public schools, renovations and energy upgrades of public buildings, hospitals, and health centers, and the digital transformation of the public sector.
He also mentioned programs such as TEPIX II, which provides low-interest loans to SMEs, as well as initiatives that promote exports, innovation, women’s entrepreneurship, and agricultural business development. Papathanasis further announced that new programs will be financed in 2026 following ongoing EU-wide revisions.
“This success is not accidental—it means we are doing something right,” he said. “We are already preparing to submit the seventh payment request to the Recovery and Resilience Facility by December. European funds are being directed toward infrastructure, entrepreneurship, and citizens’ daily lives—toward society as a whole.
We firmly believe that raising disposable income depends on increasing employment, and new jobs are created only when businesses feel confident, when the country operates in a climate of stability. Greece moves forward steadily only when it has a stable government.”
