New Construction of Apartments for Students and Apprentices

This funding program from the Free and Hanseatic City of Hamburg is aimed at landowners, hereditary building rights holders, and non-profit organizations who wish to create housing for students and apprentices. It aims to improve housing provision for these specific target groups in Hamburg.

The funding supports the new construction, modification, and expansion of apartments and shared flats specifically for students and apprentices. Both financial aspects and standards for sustainable and barrier-free construction are taken into account.

The program offers modular funding in the form of subsidized loans and grants, the amount of which depends on the scope of the measure and the land value. The funding commitment period is up to 30 years.

The funding is tied to comprehensive conditions, ranging from compliance with rent price and occupancy restrictions to equity requirements and specific building standards. Applicants must demonstrate their capability and reliability.

The application procedure begins with consultation meetings and the submission of complete documents to IFB Hamburg before construction starts. After positive review and approval, a funding commitment is issued, and funds are disbursed according to construction progress.

The legal basis of the funding program is the Funding Guideline for the New Construction of Apartments for Students and Apprentices, which is based on the Hamburg Housing Promotion Act and takes into account EU State aid rules.