Housing Promotion – Creation of Owner-Occupied Housing and Acquisition of Cooperative Shares

This program targets private individuals and households in Rhineland-Palatinate who require support for the construction, purchase, or modernization of owner-occupied housing or wish to acquire cooperative shares to obtain housing. The funding aims to ensure the provision of adequate housing and strengthen internal development, especially in rural areas.

The program supports various measures in the area of owner-occupied housing and the acquisition of cooperative shares. Funding includes new construction and initial acquisition, as well as structural measures such as purchase, conversion, renovation, and extension. Specific total cost items are considered, and defined exclusion criteria are applied.

Support is provided in the form of interest-reduced loans from the ISB, supplemented by possible repayment subsidies and state guarantees. The funding amount varies depending on the program branch and funding rent level, with social and urban planning aspects, as well as the number of household members and energy efficiency standards, offering additional benefits.

To receive funding, applicants and their projects must meet specific conditions, including income limits, equity contribution, and living space limits. Certain projects are explicitly excluded from funding. The rules for financing and proof of use are strictly regulated.

The application process involves submission to the competent city or district administration, which conducts an initial review and forwards the application to the ISB. The ISB performs a banking-like review and, upon positive decision, issues the funding commitment and loan agreement. After disbursement, proof of use must be provided.

The funding program is based on the State Housing Promotion Act and specific administrative regulations of the Ministry of Finance Rhineland-Palatinate. These documents define the objectives, scope, and conditions of the funding and are binding for applicants and implementing bodies.