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Chile’s DS1 Housing Subsidy: A Guide to Tranche 1 for 2024
Table of Contents
Updated February 29, 2024
What is the DS1 Subsidy?
Access to homeownership remains a significant concern for many Chilean families. The DS1 Subsidy,specifically Tranche 1,is a key government initiative designed to alleviate this issue by providing financial support for purchasing a new or used home,making property ownership more accessible according to the Ministry of Housing and Urban planning (Minvu). This subsidy directly reduces the total cost of the property.
Administered by the Minvu, the DS1 Tranche 1 offers a contribution ranging from 600 to 750 Unidades de Fomento (UF). The UF is a Chilean currency unit adjusted for inflation, ensuring the subsidy’s value remains stable over time. as of February 29, 2024, 1 UF is equivalent to approximately CLP 38,734.80 according to the Central Bank of Chile.
Eligibility Requirements
to qualify for the DS1 Subsidy Tranche 1, applicants must meet several criteria.These include:
- Being a Chilean citizen.
- Not currently owning any property.
- Having a stable income.
- Meeting specific income thresholds, which vary depending on the region.
- Not having previously received a housing subsidy.
Detailed eligibility requirements and application procedures are available on the Minvu website.
Maximum Home Value by Region
A crucial factor in determining eligibility is the maximum value of the property. This cap varies substantially based on the region within Chile, reflecting differences in real estate costs.
For regions between Coquimbo and Los Lagos, the property value cannot exceed 1,100 UF to qualify for a 600 UF subsidy. However, in regions with higher costs, such as Arica and Parinacota, Magallanes and Chilean Antarctica, and the Metropolitan Region, the cap is higher.
| Region | Maximum Property Value (UF) | Subsidy Amount (UF) |
|---|---|---|
| Coquimbo to Los Lagos | 1,100 | 600 |
| Arica and Parinacota | 1,300 | 750 |
| Magallanes and Chilean Antarctica | 1,300 | 750 |
| Metropolitan Region | 1,200 | 750 |
| Antofagasta, Atacama, Tarapacá | 1,200 | 600-750 |
Note: These values are
