Construction of Rental Apartments – Subsidized Loan for Affordability, Credit

The funding measure “Construction of Rental Apartments – Subsidized Loan for Affordability” supports developers, cooperatives, and non-profit organizations in Vienna in creating affordable housing through a low-interest state loan. For each square meter of usable residential space, a loan of €150 can be granted, thereby permanently reducing the monthly rent burden for end users. The measure is part of the overall funding program “Construction of Rental Housing and Dormitories” and complements the main funding through a value-secured financial contribution. It is characterized by flexible application submission without a deadline and is continuously available to cover project-specific needs at any time.

A prerequisite for a positive funding decision is submission within the framework of the main funding as well as a favorable recommendation by the Land Advisory Board or the Developer Competition Jury. The funding is primarily aimed at developers in the Vienna housing sector who wish to maintain rents for users at a socially acceptable level through the combination of main funding and additional state loan. Due to the indefinite nature of the measure and the clear determination of the funding amount per square meter, planning security is created for ambitious new construction projects in the urban area.