IBB WEG-Financing – Funding for Measures on Common Property
The IBB WEG-Financing offers interest-subsidized loans for homeowners' associations (WEG) in Berlin. The aim is to promote measures for energy efficiency, accessibility, as well as general maintenance and modernization of common property. This program stands out by directly supporting individual owners within the WEG, thus facilitating the financing of important real estate projects.
Who is funded?
The "IBB WEG-Financing" program is aimed at individual owners within homeowners' associations (WEG) in Berlin. It supports measures on common property that serve to improve energy efficiency, reduce barriers, and for general maintenance and modernization. The funding aims to increase the quality of life and value of residential properties in the region.
What is funded?
The program supports comprehensive measures on the common property of homeowners' associations in Berlin. Eligible areas include improvements in energy efficiency, barrier-reducing conversion measures, and general maintenance and modernization projects. However, refinancing or subsequent financing of already completed projects are not funded.
Type and Scope of Funding
The "IBB WEG-Financing" is provided as an interest-subsidized loan that can cover up to 100% of the financing needs. In addition, repayment grants may be provided when utilizing KfW products.
Conditions and Requirements
Specific conditions apply to "IBB WEG-Financing" regarding collateral, cooperation within the WEG, and the type of eligible projects. Customary banking collateral must be provided, although for owner-occupied residential property, a mortgage registration can be waived for loan amounts up to 50,000 euros. The program excludes the financing of projects that have already begun or been completed.
Application Procedure
The application for "IBB WEG-Financing" must be submitted to Investitionsbank Berlin before the start of the planned measures. Loan approval is based on a creditworthiness and property review, with the WEG administration playing a central role in coordinating and accompanying the application. Disbursements are made exclusively to the common account of the WEG.
Legal Basis
The "IBB WEG-Financing" is based on a specific product guideline that sets the framework for funding measures on common property in Berlin. In addition, the technical minimum requirements of the KfW Banking Group apply.
Similar Programs
Funding Overview
Funding Status:
Open
Maximum Amount:
up to 100 percent of the financing required
Deadline:
always open
Open Until:
Ongoing
Award Channel:
Individual Aid
Region:
Berlin (Germany)
Sectors:
Energy Production and Supply, Construction and Building Materials, Water and Waste Management, Environmental and Climate Protection
Application Type:
Single Applicant
Funding Stages:
Implementation, Planning
Funding Provider
Program Level:
Regional
Funding Body:
Investitionsbank Berlin (IBB), KfW Banking Group
Managed By:
Investitionsbank Berlin (IBB)
Website: