New Construction of Rental Apartments for Households Urgently Seeking Housing

This program supports property owners and hereditary building rights holders in Hamburg who wish to create price-controlled rental housing for those urgently seeking housing or to expand existing living space. The funding aims to improve the housing situation for these households.

The program supports the new construction, alteration, and expansion of rental apartments in Hamburg for households urgently seeking housing. It is modular and covers a wide range of measures, from energy-efficient construction to the creation of communal spaces.

The program offers financial support in the form of low-interest loans and various grants. The funding amount varies depending on the type and scope of the project, and the binding period is generally 40 years.

Specific conditions apply to the funding regarding application, compliance with construction and occupancy standards, and financial aspects. Early repayment of the loan affects the binding period and grants.

The application for funding must be submitted to Hamburgische Investitions- und Förderbank (IFB Hamburg) before construction begins. IFB Hamburg advises applicants and decides on the approval of funds.

The funding program is based on the funding guideline for rental apartments in multi-family houses in Hamburg, which was enacted in accordance with the Hamburg Housing Promotion Act and is subject to EU state aid rules.