IBB WEG Financing – Financing of Measures on Common Property
Low-interest loan for individual owners in condominium associations in Berlin to finance measures on common property, up to 100% of the financing requirement. Application must be submitted before the start of the measure.
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Grant criteria
Funding objective
Funding of measures on the common property of condominium owners' associations in Berlin, including improvement of energy efficiency, barrier reduction, general maintenance and modernization, as well as flood protection, noise protection, and radon remediation.
Eligible expenses
- Thermal insulation
- Window replacement
- Renewal of heating technology
- Barrier-reducing measures (elevators, stairlifts)
- General repair and modernization (water supply, pipeline rehabilitation)
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Non-eligible expenses
- Refinancing
- Follow-up financing of already completed projects
Eligible to apply
- Individuals
Funding requirements
- Investment location in Berlin
- standard banking securities
- no refinancing or restructuring of already completed projects
- application before the start of the measure to be funded
Documents required for application
- Financing plan/application IBB
- Administrator confirmation of housing allowance payments
- Condominium financing owner data
- Power of attorney
- Project description and cost compilation
- Resolution of the condominium owners' association
- Land register excerpt or power of attorney for land register inspection
- Self-disclosure of property owner
- Identity verification (POSTIDENT or in person)
- Declaration of self-use/rental
- Pre-contractual consumer information
- De-minimis aid form
- Current income proofs (for loan amount > €25,000)
- Latest income tax assessment
- Annual financial statements for self-employed persons
- Proof of other liabilities
Evaluation criteria
- Credit check
- Property inspection
- Resolution of the condominium owners' association
Description
The IBB WEG financing is aimed at individual owners of condominium associations with investment locations in Berlin. All measures on common property are eligible for funding – such as thermal insulation, window replacement, or heating system renewal to improve energy efficiency. Barrier-reducing modifications like elevators and stairlifts, general maintenance work (water supply, pipe renovation), as well as special measures for flood protection, noise protection, and radon remediation also fall within the scope of funding. Up to 100% of the financing requirement can be covered by a low-interest loan from Investitionsbank Berlin or the KfW banking group. Grace periods without repayments, variable terms from four to 30 years, and fixed interest rates according to a uniform agreement each time allow flexible structuring of the loan conditions. Joint and several liability of the condominium association is waived; customary bank securities must be provided and – for loan amounts up to €50,000 – a land charge can be waived for owner-occupied residential property. An application must be submitted before the start of construction measures.
Creditworthiness and property assessment as well as the resolution of the owners’ association constitute the essential criteria for approval. Comprehensive documents must be submitted for the application: financing plan, administrator’s confirmation of condominium fee payments, project description, cost summary, resolution minutes, land register excerpt or power of attorney for land register inspection, self-disclosure, and proof of income or liabilities. Early contact with IBB customer service supports detailed inquiries and appointment coordination. Through the “IBB WEG Financing,” modernization and climate protection projects in communal residential spaces can be implemented promptly and realized sustainably in the long term.