At Federal Construction Minister Klara Geywitz said on Monday that three construction funding programs are important for the severely weakening construction industry: “Every funding euro triggers orders in the tradesmen’s books and stimulates domestic demand. It is precisely these impulses that we need now.”
Managing Director of the Main Association of the German Construction Industry, Tim-Oliver Müller, also confirms that the funding can provide an impetus. However, he warns that the funding pots should not become empty as quickly as last year. Because builders and investors need planning security. “A political commitment that the funding programs that have now been reopened will last at least this year, but hopefully until the end of the legislative period, is necessary.” In view of the lead times for a housing construction project alone, which, according to Müller, are between one and two years, investors should be able to rely on the planning and actually be able to take advantage of the construction funding in the end.
Federal Construction Minister Geywitz has announced further funding programs for the current year. In the future, the “Young Buys Old” funding should support young families when buying old properties and the “Commercial to Residential” program should subsidize the conversion of commercial to residential properties.
2024-02-21 04:38:50
#Housing #construction #KfW #funding #programs #applied #MDR.DE
