New Construction of Rental Apartments – 2nd Funding Path

This funding program is aimed at owners and hereditary building rights holders of land in Hamburg who wish to build or expand affordable rental apartments. The goal is to create housing for middle-income households, especially for families, seniors, and people with disabilities.

The program promotes the new construction, modification, and expansion of rental apartments in multi-family houses, supplemented by flexible modules for sustainable and barrier-free construction as well as infrastructure measures. The funding is modular, allowing the combination of a mandatory basic module with various supplementary modules to meet specific requirements.

Funding for the new construction of rental apartments in Hamburg is primarily provided through interest-reduced loans and various grants, the amount of which depends on the scope of the project. The commitment period is 30 years. Supplementary loans to secure the overall financing are also possible.

Specific conditions apply to funding regarding application, financing, rent and occupancy commitments, and accumulation with other state aid. Applicants must demonstrate reliability and capability and comply with detailed specifications for construction execution.

The application process requires the submission of complete documents to the Hamburg Investment and Development Bank (IFB Hamburg) before construction begins. Approval is granted after reviewing applications and is subject to the availability of funds. Personal consultation with IFB Hamburg is recommended to optimize the process.

The funding program "New Construction of Rental Apartments – 2nd Funding Path" is based on a specific funding guideline from the Ministry of Urban Development and Housing in Hamburg. This guideline is in line with national laws and EU state aid regulations, particularly in the area of social housing promotion.