CSOK

CSOK, short for Család és Otthonteremtési Kedvezmény, is a Hungarian government housing subsidy program designed to help families with children purchase, build, or expand a home. The program combines financial assistance in the form of a non-repayable grant with a partially subsidized mortgage loan. The total support is calculated according to family size, the type of dwelling, and the location of the property.

Introduced in 2015 as part of Hungary's family and housing policy, CSOK has undergone several revisions to adjust grant amounts, eligibility, and regional caps. It distinguishes between purchases of new and existing homes and, in some periods, between urban areas (such as Budapest and other large cities) and rural areas. The program is delivered through participating banks, which administer the loans and disburse the grants through approved channels.

Beneficiaries are typically families with one or more children or those expecting a child. Applicants must meet general conditions including residence status and use of the property as their primary residence. The total aid comprises a grant portion and a subsidized loan portion, with repayment terms and interest rates set by the program and adjusted over time. The exact benefit depends on the number of children and the property category.

CSOK has been a significant element of Hungary's housing policy, influencing home purchases and construction. Supporters argue it eases access to housing and supports demographic goals, while critics point to fiscal costs and concerns about inflation in the housing market and potential inequities in accessibility. The program remains subject to policy changes and annual budget decisions.