State Guarantees for Housing Construction in Lower Saxony

State guarantees are aimed at various eligible applicants in housing construction in Lower Saxony. The goal is to secure the financing of housing projects through guarantees and thus promote the new construction, acquisition, and modernization of living space.

State guarantees support various projects in housing construction and modernization. They are intended for specific measures, while certain types of construction and loan forms are excluded from funding. The guarantees cover loans for financing projects in different phases.

The State of Lower Saxony provides default guarantees to secure the financing of housing construction projects for loan amounts starting from EUR 5,000. These guarantees are time-limited and serve to secure loans that must meet market-standard conditions.

To receive a state guarantee, applicants and lenders must meet various legal and technical conditions. These include requirements for living space, equity contributions, the real security of loans, and the administration of guarantees by the lender. Certain exceptions and fees must also be observed.

Applications for a state guarantee must be submitted to the Investitions- und Förderbank Niedersachsen (NBank). The decision on the guarantee is made by the Housing Guarantee Committee. The procedure involves the submission of specific documents and adherence to defined disbursement modalities.

The state guarantees for housing construction are based on a specific directive of the State of Lower Saxony, which regulates the assumption of guarantees for the promotion of housing and thus forms the legal basis for the entire program.