Tuscany Launches Initiative to Revitalize Small Towns

Tuscany is implementing a new program aimed at revitalizing its small towns by encouraging long-term residency through financial assistance for home purchases. The "Residenzialità in Montagna 2024" initiative, launched in mid-June, seeks to stimulate the socio-economic development of 76 mountain towns with populations under 5,000. The program allocates a total of 2.8 million euros, offering eligible applicants between 10,000 and 30,000 euros to assist with the purchase and refurbishment of primary residences. To qualify for the funding, applicants must possess Italian citizenship, European Union citizenship, or a minimum 10-year residence permit. Notably, the program is not open to non-Italian residents, which includes current residents of the targeted mountain towns. This restriction aims to attract new inhabitants rather than support existing residents. The initiative also highlights Italy's citizenship laws, which allow individuals of Italian descent to apply for dual citizenship. Financial assistance comes with specific conditions, including a cap that limits the funding to 50% of the property's purchase price. Towns such as Capoliveri, Licciana Nardi, and San Godenzo are among those eligible for the program. The application window for "Residenzialità in Montagna 2024" will close on July 27, as Tuscany seeks to enhance its appeal beyond its well-known tourist destinations like Florence, which is famous for its rich history and cultural landmarks.