Owner-occupied housing; application for funding

The state promotes the creation or acquisition of owner-occupied housing (own house or condominium for own use).

Purpose

The purpose of the subsidy is to help people seeking housing to become homeowners by building or purchasing a house or condominium for their own residential purposes (= owner-occupation, Art. 3 (1) sentence 4 of the Bavarian Housing Subsidy Act, BayWoFG).

Object

The state promotes the creation or acquisition of owner-occupied housing as part of the Bavarian interest subsidy program for the promotion of owner-occupied housing.

Beneficiaries

Beneficiaries are private individuals.

Eligible costs

For the construction of housing, the total costs as defined in §§ 5 to 8 of the Ordinance on Housing Calculations under the Second Housing Act (Second Calculation Ordinance - II. BV) (= land, construction and ancillary construction costs) are eligible.

In the case of the purchase of housing, the purchase price and the purchase costs are eligible; in the case of a second purchase (= used housing), the costs of necessary modernization and repair measures are also eligible.

Type and amount

The subsidy is granted as a grant. The subsidy is granted as a credit/loan.

The type of grant is a project grant.

In the interest reduction program, funding is provided in the form of a reduced-interest loan of up to one third of the total costs. In addition, a child subsidy of 5,000 euros per child can be granted in conjunction with the loan.

• Required Documents
  • Antrag Bayerisches Zinsverbilligungsprogramm zur Förderung von Eigenwohnraum: Stabau Ia
  • Einkommenserklärung des Antragstellers: Stabau III a
  • Einkommenserklärung für weitere Haushaltsangehörige: Stabau III b

• Only households whose income does not exceed the income limits specified in Art. 11 Para. 1 BayWoFG can benefit from the subsidy.
• Funding is provided with an interest subsidy of up to 1/3 of the total costs and a child subsidy of EUR 5,000 per child in conjunction with the loan.
• The building project may not be started before the funding has been approved.
• There is no legal entitlement to funding.

Exclusion criteria:

Owner-occupied housing may only be subsidized for applicants who are not only staying temporarily in Germany and are legally and actually in a position to establish a long-term residence for their household as the center of their living relationships and to run an independent household.

Funding for the purchase of owner-occupied housing is excluded if the seller and buyer are related in a direct line.

The procedure is a two-stage process:

1. The application must be submitted to the Bayerische Landesbodenkreditanstalt using the forms and documents provided for this purpose. Approval is granted by the district administrative authority.
2. The Bayerische Landesbodenkreditanstalt approves the loan and issues the notice of approval. Payment is made according to the progress of construction and must be applied for at the district administrative authority. The district administration offices or independent cities are responsible for providing advice.

There are no fixed deadlines for this funding.

There are no costs.