“Especially in economically challenging times, the city of Vienna demonstrates its leading role as an impetus for residential construction. In a responsible manner, we have therefore increased the funding for new buildings and renovations in recent years. And we have launched the Vienna Wohnbau-offensive 2024+. Collect the euro from the residential construction package in the local residential building. Overall, we ensure that we are able to pick up the additional funds for Vienna as best as possible. Therefore, an interest subsidy is now possible for the construction of home -made homes “
The housing package at the federal level created a year ago provides for various funding measures to revive the construction industry. The state of Vienna can collect funds of 30 million euros due to the new construction and renovation services in the city.
Now a unanimous decision by the Vienna State Government has been implemented another (temporary) support rail provided for in the housing package – by a novella of the new building regulation. This additional promotion of Viennese in the form of an interest subsidy for ongoing loans for the establishment of a home, an allotment garden house or an attic creation will go.
“Especially in economically challenging times, the city of Vienna demonstrates its leading role as an impetus for residential construction. In a responsible manner, we have therefore increased the funding for new buildings and renovations in recent years. And we have launched the Vienna Wohnbau-offensive 2024+. Collect the euro from the residential construction package in the local residential building. Overall, we ensure that we are able to pick up the additional funds for Vienna as best as possible. That is why an interest subsidy for the construction of homes is now possible, ”says Vice Mayor and Housing Councilor Kathrin Gaál.
Period and other requirements
The interest grant of up to 12,000 euros is an additional funding. This means that for the construction projects described, a new building subsidy (§§ 11 and 12 new construction from VO) must be available. The interest subsidy now created (§ 12a new building VO) can be applied for at the same time to the application for a new construction promotion as well as in a row from the MA50 (residential building funding and arbitration board for housing matters).
A retroactive granting is also possible according to the requirements of the federal residential building package, for which a new building funding protection must be available for the construction project from April 18, 2024. In any case, it should be noted that an application is only possible by December 2025.
Credit requirements in detail
Regardless of the assurance for a new building funding, the
For the construction project, the loan also granted some basic requirements:
-
Interest is funded up to a loan of 200,000 ꞓ
-
The loan contract must have been concluded from 2021, with a term until at least in the late 2028
-
The loan must be higher than 1.5% interest (interest rates between 1.5% and 2.72%) are funded)
Amount of funding
If the application is approved for the interest grant, the funding runs until December 31, 2028 and can be paid out every six months. The now created implementation of the State of Vienna allows the applicants to freely choose this payout mode. 1.22% of the loan amount (which is limited to 200,000 euros) can be paid out each year, i.e. up to 2,440 euros.
Calculation example:
A loan of 2021 over 350,000 euros, with a 10-year term and an interest rate load of 3.2% a year, as well as a approval for a new building funding from April 19, 2024 for the establishment of a home.
The basis of the calculation is 1.22% a year (or 0.61% every six months) for a loan of 200,000 euros. This results in a maximum of 1,220 euros every six months. The grant will take place from April 19, 2024, whereby the first cut -off date of the interest subsidy is May 1, 2024. The last interest subsidy will take place on November 1, 2028. This means that the interest grant can be granted ten times. Alternatively, there would be a one -off subsidy of a maximum of 12,200 euros (10 x 1,220 euros).
Application from the MA50 housing subsidy
By e-mail: neubaufoerderung@ma50.wien.gv.at
Postal: MA50/new building funding, Muthgasse 62, 1190 Vienna
Formally, a decision by the Vienna State Government is also necessary for the approval of the interest subsidy applications. It is therefore recommended to bring the complete applications to the MA50 by the end of November at the latest to ensure compliance with the deadline run.