Rental apartments; application for funding for new construction and conversion measures

The Free State of Bavaria promotes the construction, alteration and extension of rental apartments in apartment buildings.

Purpose

To support the construction or conversion of needs-based and affordable rental and cooperative apartments in apartment buildings for low and middle-income households.

Object

In the Bavarian Housing Program, the Free State of Bavaria promotes the construction and conversion of needs-based rental apartments in apartment buildings. The aim is to create affordable housing for households with low and medium incomes. The subsidized apartments are to be planned and constructed in such a way that they can be used in the long term by the largest possible group of people, especially older people.

Beneficiaries

Natural persons, legal entities under public or private law as owners, heritable building owners or usufructuaries of a suitable property are eligible to apply.

Eligible costs

Eligible costs are the total costs as defined in §§ 5 to 8 of the Second Calculation Ordinance (II. BV).

Type and amount

The funding is granted as a credit/loan.

• Funding is provided in the form of a construction loan and a grant.
• The subsidy is granted for a period of 40 or 55 years.
• In the case of income-oriented promotion, the tenant receives a rent subsidy that reduces the agreed market rent to a reasonable rent based on his income.

• Rental housing in apartment buildings may only be subsidized if there is a demonstrably significant, not just short-term, local need for this housing. Apartment buildings are buildings with at least three rental apartments.
• The apartments may only be let to households (tenants) whose income does not exceed the income limits specified in Art. 11 BayWoFG. The aim is to ensure that around 60 percent of Bavarian households have access to housing subsidies with the highest possible income limits.
• An appropriate equity share of at least 15% of the total costs is required.
• The Landesbodenkreditanstalt carries out a credit check if necessary.
• The building project may not be started before the funding has been approved.
• There is no legal entitlement to funding.

The procedure consists of two stages: 1. the project must be agreed with the licensing office (see "Responsible for you") as early as possible. The application can then be submitted using the forms and documents provided for this purpose. Approval is granted by the approval office. 2. the loan commitment and notification of approval is issued by the Bayerische Landesbodenkreditanstalt. Payment is made according to the progress of construction and must be applied for at the approval office.

There are no fixed deadlines for this funding.

There are no costs.

• Required Documents
  • Nachweis zum Grundstück und Erbbaurecht
  • Nachweis über Fremd- und Eigenmittel
  • Sonstige Nachweise (z.B. bei einer Baubetreuung)
  • Bautechnische Unterlagen zum Bauvorhaben