Hamburg Global Loan for Residential Real Estate Open
The Hamburg Global Loan for Residential Real Estate enables credit institutions to obtain low-interest loans for housing and infrastructure projects in Hamburg and pass them on to their customers. This is a specific refinancing program from the Hamburgische Investitions- und Förderbank (IFB Hamburg) that specifically supports housing finance and the development of important infrastructure in the region. It distinguishes itself by its role as an intermediary for refinancing funds through house banks.
Who is funded
The Hamburg Global Loan for Residential Real Estate provides refinancing for credit institutions that finance investments in housing and infrastructure in Hamburg. The Free and Hanseatic City of Hamburg and its holdings are also eligible to apply for infrastructure measures. The program aims to promote housing finance and the development of critical infrastructure in the region.
What is funded
Investments in housing construction and infrastructure measures in Hamburg are funded, particularly in the areas of education, sports facilities, and urban development. Excluded from funding are debt rescheduling, subsequent financing of already completed projects, follow-up financing, loan extensions, renovation loans, and working capital financing.
Type and Scope of Funding
The program provides loans as earmarked refinancing funds, which are passed on to final borrowers via house banks. Loan terms are between 3 and 30 years, with the refinancing advantage to be passed on to the final borrowers.
Conditions and Requirements
The funding is tied to specific conditions, including the house bank principle and creditworthiness requirements for the final borrowers. The measures must take place in Hamburg and primarily serve residential purposes. In addition, the funding is subject to the De minimis Regulation to ensure compliance with state aid law.
Application Process
Applications for the Hamburg Global Loan for Residential Real Estate are submitted by credit institutions (house banks) directly to IFB Hamburg. The process involves a telephone or written inquiry and documentation via a global loan agreement. There is no legal entitlement to funding.
Legal Basis
The legal basis of the Hamburg Global Loan for Residential Real Estate is the special funding guideline of IFB Hamburg, which regulates the granting of earmarked refinancing funds. The program is also anchored within the framework of the IFB Act and is based on the EU De minimis Regulation for state aid.
Funding Overview
Deadline:
always open
Open Until:
Ongoing
Award Channel:
Indirect Management Funding
Region:
Hamburg (Germany)
Sectors:
Construction and Building Materials, Information and Communication Technology, Education and Vocational Training, Research and Development, Cultural Institutions, Service Sector, Environmental and Climate Protection
Beneficiaries:
Housing construction, Infrastructure
Funding Stages:
Implementation, Infrastructure
Funding Provider
Program Level: Local
Funding Body: Hamburgische Investitions- und Förderbank (IFB Hamburg)
Managed By: Hamburgische Investitions- und Förderbank (IFB Hamburg)
Additional Partners: Kreditanstalt für Wiederaufbau (KfW)
Website: Hamburgische Investitions- und Förderbank (IFB Hamburg)