Three important schemes administered by the Housing Authority which are being implemented so that more people become home owners, will be strengthened through the signing of a collaboration with Bank APS. The three schemes, which are the 10% Deposit scheme, the Equity Sharing scheme and the Social Loan scheme, in collaboration with Bank APS alone, meant that 500 more people became owners of their home.
During the signing, Minister Roderick Galdes described APS Bank as a strategic partner in the housing sector that together “we are helping and assisting hundreds of families to climb the property ladder.” He insisted that, “The policy for the housing sector of this government convinces and achieves results, because its measures are built on social dialogue with people, entities and policymakers .” The minister concluded by saying that through this holistic policy, social justice is being done to a wide range of society.
The CEO of the Housing Authority Matthew Zerafa explained that the Housing Authority has evolved its mission into a range of opportunities for affordable housing. “Today we are continuing to strengthen these schemes and he added that together with local banks such as APS “we must continue to marry innovation with social justice with solutions that leave a positive impact on Maltese society.”
The CEO of APS Bank Marcel Cassar said that the bank is proud to be strengthening the collaboration with the Housing Authority, the Foundation for Social Welfare Services and the government through the Ministry for Social and Affordable Accommodation. “The renewal of our agreement is the culmination of what we believe in as a bank, that is to serve the community with products and services that make a difference, such as the purchase of the first home which is often the most an important decision, and the biggest investment, in many people’s lives.”
Present for the signing was Permanent Secretary Emanuel Psaila.
