Construction of rental apartments/residential care places – promotional loan, credit

A low-interest state loan supports companies and cooperatives in the creation of rental apartments and care home places in Vienna. With a term of 40 years and an interest rate of only 1%, the program offers loan amounts ranging from €510 to €700 per square meter of usable floor space. Repayment begins only after the repayment of the equity or external funds used, thereby providing long-term financial relief. Applications can be submitted indefinitely and continuously, provided the project has previously been positively evaluated by the Land Advisory Board or the Developer Competition Jury. Thus, the loan is specifically aimed at developers and housing applicants who have already received a qualified funding commitment, promoting planned and sustainable new construction projects.

For the application, various documents must be submitted in digital and verifiable form. These include, among others, a current excerpt from the land register or building lease contract, approved submission plans, a detailed topography (XLS format), the building permit with proof of legal validity, as well as a description of the planned energy supply. The comprehensive documentation ensures that energy-efficient and legally compliant housing projects are supported. Through the combination of attractive loan conditions and a transparent allocation process, this funding makes a significant contribution to strengthening Vienna’s housing infrastructure and opens up diverse opportunities for developers to implement innovative housing concepts.