IFB-WEGfinanz

This funding program targets property owners and leasehold holders who are part of a homeowners' association in Hamburg and are planning modernization or repair measures for their residential property. The program aims to facilitate access to financing for such projects.

The IFB-WEGfinanz program supports a wide range of modernization and repair measures for residential property. This includes standard measures to improve living quality, as well as specific measures to increase energy efficiency and reduce barriers. Excluded are contracting projects and measures on holiday or weekend homes.

The IFB-WEGfinanz program offers low-interest loans for homeowners in Hamburg. The loan amount per owner ranges between EUR 5,000 and EUR 35,000, with equity contributions required for higher amounts. The terms are based on current capital market developments and the conditions of KfW and IFB modernization loans.

For a successful application and funding under IFB-WEGfinanz, certain legal and administrative requirements must be met. This includes decision-making within the homeowners' association, the central role of property management in processing, and specific equity requirements for higher loan amounts. Furthermore, no administrative fees are charged for the approval and official acts related to the management of funding.

The application for the IFB-WEGfinanz program must be submitted through the property management of the homeowners' association. The procedure is simplified and allows for efficient processing of financing inquiries for modernization and repair projects. IFB Hamburg offers comprehensive advice and support throughout the entire process.

The IFB-WEGfinanz funding guideline forms the legal basis for this program, which is based on the Hamburg Housing Promotion Act. It is implemented as a special housing promotion by IFB Hamburg and has been valid since December 20, 2021.