Construction of Rental Apartments/Care Home Places - Subsidized Loan for Special Requirements, Credit
Promotional loan in Vienna to cover significant additional costs for construction projects with special requirements. Combination with loans for the construction of rental apartments and care home places is required. Ongoing application possibility.
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Grant criteria
Funding objective
For construction projects with special requirements to cover significant, verifiable additional costs, particularly in the presence of unavoidable complicating circumstances during construction management.
Eligible to apply
- Companies
- Cooperatives
Funding requirements
- Combination with loans for the construction of rental apartments/nursing home places
- Positive evaluation of the project by the land advisory board or the developer competition jury
Documents required for application
- Land register excerpt
- Approved submission plans (DWG/PLA format)
- Topography (XLS format)
- Building permit with legal validity
- Construction start notification with account opening
- Energy certificate with building physics calculation
- Order letter from master builders or general contractors
- Order letter from architects, structural engineers, and other experts
- Announcement of the construction project in the Vienna city gazette
- Ranking list of received offers
- Payment schedule and construction timeline
- Tender documents
- Requirements for financing funds according to construction progress
- Notification of planning and execution changes
- Completion notification with civil engineer confirmation
- As-built plans (DWG/PLA format)
- Final accounting documents
- List of subsidized and self-financed units
Evaluation criteria
- Positive evaluation by the property advisory board/developer competition jury
Description
The promotional loan for the construction of rental apartments and care home places with special requirements supports developers in Vienna in securing verifiable additional costs arising from unavoidable, complicating circumstances in construction management. The funding is granted exclusively in combination with a loan for the new construction of rental apartments or care home places and is based on the provisions of the Vienna Housing Promotion and Residential Building Renovation Act. The goal is to realize high-quality and needs-based housing and care offerings in the city that address both social and technical construction challenges. Allocation is made based on a positive assessment by the Land Advisory Board or the Developer Competition Jury to ensure the quality and sustainability of the projects.
Applying companies and cooperatives submit their documents on an ongoing basis, with unlimited submission possible. Required documents include, among others, land register excerpts, approved submission plans, building permits with legal validity, energy certificates with building physics calculations, as well as evidence of construction commencement and progress. Supplementary documents such as payment and construction schedules, tender documents, or final accounting documents must also be provided. Review by the responsible Municipal Department 50 (Housing Promotion and Conciliation Office for Housing Law Matters) ensures transparent and efficient processing. Through the combination of main and special loans, both economic and qualitative requirements are met, promoting forward-looking housing projects in Vienna.
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