Living with Child Open
The "Living with Child" funding program by L-Bank in Baden-Württemberg supports families in building or purchasing owner-occupied residential property. It offers subsidized loans as a supplement to other financing. The program is based on the KfW Home Ownership Program, whose conditions are further improved by L-Bank, thus easing the path to homeownership for families.
Who is funded?
This funding program is aimed at families with at least one minor child in Baden-Württemberg who wish to build or acquire owner-occupied residential property. It aims to support private individuals in creating permanent housing by providing interest-subsidized loans.
What is funded?
The "Living with Child" program supports the construction or acquisition of owner-occupied residential property in Baden-Württemberg. It covers costs for land and construction for new build projects, as well as purchase price and modernization for property acquisition.
Type and Scope of Funding
Funding is provided as an interest-subsidized loan with terms of 25 or 35 years and a 10-year fixed interest period. The loan can cover up to 100% of eligible costs, with a maximum amount of €100,000.
Conditions and Requirements
Applicants must be natural persons with at least one minor child and adhere to specific income limits. The project must be located in Baden-Württemberg, comply with German environmental and social standards, and the primary residence must be registered in the funded property.
Application Process
The application for the "Living with Child" loan is submitted through the applicant's bank or another credit institution and forwarded from there to L-Bank. The application is made before the start of the project or immediately after the conclusion of the purchase agreement using specific KfW application forms provided by L-Bank.
Legal Basis
The legal basis for the "Living with Child" funding program is an L-Bank leaflet dated 15.06.2023. The program is based on the KfW Home Ownership Program, whose conditions are further subsidized by L-Bank.
Funding Overview
Maximum Amount:
€100,000
Deadline:
always open
Open Until:
Ongoing
Award Channel:
Demand Driven Scheme
Region:
Baden-Württemberg (Germany)
Beneficiaries:
Housing & Modernization, Health & Social Affairs
Funding Stages:
Planning, Implementation
Funding Provider
Program Level: Regional
Funding Body: Landeskreditbank Baden-Württemberg (L-Bank)
Managed By: Landeskreditbank Baden-Württemberg (L-Bank)
Additional Partners: Kreditanstalt für Wiederaufbau (KfW)
Website: Landeskreditbank Baden-Württemberg – Förderbank (L-Bank)