The University of Montenegro (UCG) will allocate 825.000 euros to improve the housing conditions of its employees.
Improving housing conditions means carrying out work on a building or apartment, such as repairing or replacing the roof, foundation, facade, installations, insulation, etc., as well as other work carried out with the aim of improving the quality of life, according to an advertisement published in the UCG bulletin at the beginning of March by the Commission for Resolving the Housing Needs of Employees.
According to the funding allocation plan, an employee can receive a maximum of 15.000 euros in gross amount, and is obliged to return at least 30 percent of the funds to the University.
"More favorable conditions for returning the due part are: repayment of the allocated funds in installments, for a maximum of ten years, or until the right to a pension is exercised by force of law, a reduction in the amount of funds in the amount of five percent for each year of service, and a maximum of 75 percent of the value of the allocated funds. If the user of the funds returns the amount of funds due to the University in a one-time payment, simultaneously with the payment of the allocated funds, the amount of funds to be returned (at least 30 percent) is reduced by an additional five percent. The funds are allocated interest-free," the advertisement states.
The advertisement states that full-time employees at the University of Montenegro have the right to apply for the money allocation according to the advertisement if they or members of their family household own, co-own or jointly own an apartment or do not have an adequately resolved housing issue, provided that they submit a written statement waiving the right to have their housing needs resolved at the University of Montenegro. In the first case, employees must submit proof that the real estate they live in is older than 20 years and an example and estimate of the planned works to improve housing conditions, prepared by an authorized entity.
Full-time employees, according to the regulations and the advertisement, are persons with academic and scientific titles, professional and non-teaching staff, full professor and scientific advisor, associate professor and senior research associate, assistant professor and research associate, college professor with a doctorate and college lecturer with a doctorate, senior professional associate, professional associate, senior lector, lector, senior laboratory assistant, laboratory assistant and non-teaching staff.
"The total amount of available funds allocated for the allocation of funds under this announcement is 825.000 euros for all categories of employees (60 percent for academic/scientific staff with an academic/scientific title and 40 percent for professional and non-teaching staff)," the announcement states.
Employees at the University of Montenegro who received funds under the Advertisement for the allocation of funds (loans) to address housing needs in 2020 are not eligible to participate under this advertisement. The advertisement also stipulates that employees who receive funds cannot in the future apply for housing needs at the University of Montenegro.
According to the advertisement, a request that is not submitted within the stipulated 15-day period will be rejected as untimely and will not be ranked, as will a request that is incomplete or accompanied by incomplete evidence.
"An applicant whose application is determined to contain incorrect information during the procedure will be excluded from the process of resolving housing needs under this advertisement," the advertisement states.
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