Alliance for Building and Housing provides more stability

Based on the consultations in the Alliance for Affordable Housing, the Federal Government has agreed on a package of measures to stabilise the economic situation in the construction and real estate industry. A total of 14 measures were agreed to contribute to the revival of the construction and real estate economy.

Klara Geywitz, Federal Minister for Housing, Urban Development and Building (BMWSB), commented: "With the package of measures presented today, we will succeed in achieving more investment in housing construction and thus stabilise and strengthen the construction and real estate sector. We will improve the framework conditions to provide more affordable, climate-neutral and low barrier housing."

In the home ownership subsidy for families, the income limit for a family with one child is raised significantly from 60,000 to 90,000 euros. For each additional child, 10,000 euros will be added. In the next two years, the federal government will also launch the home ownership programme "Young buys old" for the purchase of existing buildings in need of renovation. At the same time, the conversion of vacant offices and shops into new flats will be supported with 480 million euros over the next two years.

The provision of permanently affordable housing is to be promoted through the introduction of a New Housing Community Benefit as of next year. The Building Code will be amended and supplemented by a special provision for cities and municipalities with tight housing markets. The construction of affordable housing is to be easier and faster to plan by the end of 2026.

The "Affordable Housing Alliance" was founded in April 2022. In addition to the BMWSB, representatives of the Länder, the municipal umbrella organisations, the housing and construction industry, the trade unions, the churches and civil society organisations, including environmental, tenant protection, consumer protection and social associations work together under the umbrella of the Alliance. Of the measures that the Alliance for Affordable Housing decided on together last year, a large part could already be implemented within one year. The focus was on promoting investments, accelerating procedures and limiting construction costs.

(Photo: © cdu445, Pixabay)