Modernization of Buildings of Homeowners' Associations (WEG Modernization Program – BayModWEG)

The WEG Modernization Program (BayModWEG) is aimed at homeowners' associations (WEG) in Bavaria who wish to modernize, repair, or energy-efficiently renovate their buildings. The aim is to increase the utility value of living space, improve living conditions, and support measures for energy and water conservation, as well as adaptation to the needs of older people.

The program promotes a wide range of modernization and repair measures for buildings of homeowners' associations. These include energy-efficient renovations, accessibility measures, and general structural renewals. The funding covers both measures eligible under the Federal Funding for Efficient Buildings (BEG) and other specific construction measures.

Support is provided in the form of a low-interest loan. The loan amount can be up to 85 percent of the eligible costs, with an equity contribution from the homeowners' association of at least 15 percent being required. Current interest rates are published by BayernLabo.

Specific conditions apply to the application and implementation of modernization measures. These include adhering to a minimum investment volume, timely application before the start of measures, and providing an equity contribution. A positive creditworthiness check may also be required.

The application for funding must be submitted to the Bayerische Landesbodenkreditanstalt (BayernLabo). BayernLabo is the approving authority that reviews applications and makes funding decisions. The process includes submitting required documents and conducting a creditworthiness check.

The WEG Modernization Program (BayModWEG) is based on a specific guideline from the Bavarian State Ministry for Housing, Building and Transport. This is supplemented by general budgetary provisions and the regulations of the Federal Funding for Efficient Buildings (BEG).