Construction of Owner-Occupied Homes/Attic Conversions for Own Use - Subsidized Loan, Credit

A state loan for the new construction of owner-occupied homes and attic conversions for personal use in Vienna promotes housing development and creates affordable space requirements. Private applicants are entitled to a loan of up to €365 per square meter of usable floor space, up to the maximum reasonable living area. This is determined according to household size and can be expanded with additional space for young families. Among other conditions, compliance with specified income ceilings, relinquishment of the previous primary residence after completion, and a valid building permit according to the Vienna Building Code are required. Furthermore, the construction and ecological standards of the new construction regulation must be met. The continuation as an ongoing funding opportunity without an end date guarantees a flexible planning basis for families and individuals wishing to realize their housing dreams in the state capital.

Several documents must be submitted with the application: a current land register excerpt, the building permit decision or a notification from the competent authority, technical guidelines from the Department of Technical Urban Renewal, as well as income proofs of all household members. If applicable, a family allowance receipt confirmation must be provided, and building plans approved by the building authority must be submitted either in original or as color copies with a certification of conformity. The responsible office, the Municipal Department 50 of the City of Vienna, coordinates the allocation of funding and also handles the mediation of housing law matters. Applications have been accepted since April 1, 2021, at any time, allowing for continuous participation in the funding program.