Cooperative housing projects: federal states promote citizens with loans and advantages

Cooperative housing projects: federal states promote citizens with loans and advantages

The demand for affordable living space, especially in cities, is high. An alternative to expensive rents are cooperative apartments, the rents of which are usually below the market level. The federal states of North Rhine-Westphalia, Berlin and Bremen support the new building, conversion and modernization of cooperative living space. In addition, other federal states, such as Brandenburg, Mecklenburg-Western Pomerania and Saxony, also offer low-interest loans for subsidized living space.

For example, the state of North Rhine -Westphalia supports the construction of subsidized living space with a basic loan of up to 3,490 euros per square meter. In addition, there is an additional loan of 60,000 euros per residential unit for newly founded, residents -supported housing cooperatives. Investment bank Berlin offers an interest -free loan of up to 3,500 euros per square meter of living space for the purchase of buildings through existing housing associations.

In addition, housing cooperatives can also receive grants for the conversion and modernization of existing apartments. Detailed information on the most important funding in the area of ​​new construction, modernization and conversion is available on the website of the Geno -Association.

Support is also offered in the foundation of a housing cooperative. Cooperative founders can get advice from cooperative examination associations such as the Geno -Association. In addition, housing cooperatives can benefit from various advantages, such as easier access to land with municipal allocation, easier equity procurement by dividing the members, rents below the comparison rent, lifelong right of residence and no termination due to personal needs, equal rights and voting rights for all members as well as the possibility of pouring out dividends.

Interested parties can be with Dr. Thorsten Möller, founding consultant of the Geno -Association, inform about the various funding opportunities. It is possible to reach him by phone or email. Further information and graphics on the funding can be found in the system of the press release.

Table: Funding of federal states for cooperative living

| State | Funding | Height |
| ————— | ———– | —— |
| NRW | New building | Up to 3,490 euros per square meter |
| NRW | Additional loans for newly founded cooperatives 60,000 euros per residential unit |
| Berlin | Buying buildings through existing cooperatives | Up to 3,500 euros per square meter of living space |
| … | … | … |

Source: Press release of the Geno -Volume e.v.

Source: geneover band e. V./OTS