Public Housing Subsidy for Rental Housing in the State of North Rhine-Westphalia 2024

The Public Rental Housing Promotion in the State of North Rhine-Westphalia 2024 is aimed at municipal institutions, cooperatives, and non-profit organizations that wish to create or preserve affordable rental housing. The objective of the funding is to provide affordable apartments for households with low to moderate incomes. Funding is provided for new construction projects, the acquisition of existing properties, as well as comprehensive modernizations. Special emphasis is placed on income-oriented rent control, accessibility, and high energy efficiency standards to realize sustainable and forward-looking housing projects in both urban and rural regions of North Rhine-Westphalia.

Applications can be submitted continuously and are granted as non-repayable grants. Eligible expenses include construction and ancillary construction costs as well as modernization measures. To meet the funding requirements, the project location must be in North Rhine-Westphalia, social cold rents must be offered, and proof of equity or own funds must be provided. The application requires a detailed project description, a cost and financing plan, proof of equity, as well as site plans and floor plans. Administration and approval are carried out by the responsible housing offices via the "Approval Authorities Housing Promotion" portal of NRW.BANK. This funding opportunity sustainably strengthens social housing provision and makes an important contribution to stabilizing the rental markets throughout North Rhine-Westphalia.