Housing policy – Magdeburg – New loan program for affordable new rental apartments – Politics

Housing Policy – Magdeburg:New loan program for affordable new rental housing

Workers stand on a construction site of a residential building. Photo: Soeren Stache / dpa-Zentralbild / dpa / Symbolbild (Photo: dpa)

Directly from the dpa news channel

Magdeburg (dpa / sa) – Saxony-Anhalt supports builders who create new apartments at affordable rents. Landlords – whether private or commercial – could apply for the “Sachsen-Anhalt Mietwohnungsbau” loan from the Sachsen-Anhalt investment bank, it said on Friday in a message. The construction of new rental apartments in inner-city building gaps with rental price and occupancy restrictions is eligible for funding. There are also loans for replacement buildings after a necessary demolition or for the renovation of dilapidated buildings. The first 20 years are interest-free. In addition, there would be repayment subsidies of up to 30 percent.

“Even low-income households should still be able to afford affordable, modern rental apartments,” said Building Minister Thomas Webel (CDU). “The newly launched program is a further building block to strengthen social housing in Saxony-Anhalt and to revitalize the inner cities as residential locations.” The rent to be paid may amount to a maximum of 6.00 euros per square meter of living space in the first four years from the conclusion of the rental contract, in Magdeburg and Halle a maximum of 6.50 euros per square meter.

© dpa-infocom, dpa: 210625-99-142953 / 3