Construction of Condominium Units - Subsidized Loan, Credit

In Vienna, a low-interest regional loan is available for companies and cooperatives focusing on housing construction and urban development. The funding supports the construction of condominiums with a loan of €440 per square meter of usable floor space up to 10,000 m²; above this threshold, the funding amount increases to €550 per m². The loan is interest-free for the first five years, followed by a staggered repayment schedule until the 30th year. Applications can be submitted continuously, with no time limit. Approval requires, in addition to compliance with the general criteria for multi-family residential buildings, a positive assessment by the land advisory board or the developer competition jury.

The funding objective is to support developers and project applicants advancing the construction of condominium complexes in Vienna. Various documents must be submitted with the application, including an excerpt from the land register or building lease agreement, approved submission plans in digital form, an auditable topography (XLS format), the legally binding building permit decision, and a description of the energy supply. The funding has been effective since April 1, 2021, and continues indefinitely. This measure promotes the creation of high-quality housing and makes an important contribution to sustainable urban development.