2023-09-23 11:23:36
For more and more families, the dream of owning their own home is becoming unattainable. At least there are cheap KfW loans. Image: obs
The KfW development bank offers cheap loans for climate-friendly construction – but only for households with an income of no more than 60,000 euros per year. An association is now proposing to significantly increase this limit.
Before the meeting between the federal government and the housing industry planned for Monday, the Federal Association of German Prefabricated Buildings called for a higher income limit for new building subsidies for families.
“The income limit for new construction funding must therefore be increased immediately from 60,000 euros to at least 90,000 euros for families,” said association president Mathias Schäfer. The average family must be able to finance home ownership again.
KfW promotes climate-friendly house construction
Since June, families with one child and a taxable annual household income of up to 60,000 euros have been able to receive low-interest loans from the KfW development bank to build a new climate-friendly house. For each additional child, the limit increases by 10,000 euros. The program has so far been little used. Federal Construction Minister Klara Geywitz (SPD) had already promised to increase the limit.
A comment from Christian Siedenbiedel Published/Updated: 32 minutes ago , Recommendations: 32 Mark Fehr Published/Updated: , Recommendations: 16 Christian Siedenbiedel Published/Updated: , Recommendations: 44
Association President Schäfer also warned of the threat to numerous jobs in the industry. “Tens of thousands of jobs are currently at risk of being permanently lost in the construction industry,” he said. “Politicians must urgently provide strong impetus to get the construction industry up and running again,” demanded Schäfer. The higher income limit is one way.
In particular, housing construction, which has been booming for years, has come to a standstill due to the sharp rise in interest rates on loans – which is putting a strain on the construction industry.
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