Apply for a grant “quickly” before the end of the year

new building

The number of newly built apartments and houses in Germany continues to lag behind demand. Now the child support is running out.

(Photo: dpa)

Berlin The Federal Building Ministry of Klara Geywitz (SPD) pointed out on Thursday that the child allowance can still be applied for until December 31, 2022 “within the scope of the available funds”. Around 180 million euros are still available by the end of the year.

According to the ministry, an application can be made via the grant portal of the state development bank KfW. Specifically, the statement says: “Families who signed a notarized purchase contract or received a building permit between January 1, 2018 and March 31, 2021 and will move into their new home by the end of the year or have already moved in should therefore move quickly Apply for Baukindergeld.”

The funding will end no later than December 31, 2022. According to the Ministry of Construction, a total of 9.9 billion euros has been available for the child benefit since the funding began. The limited funds were always pointed out, among other things, on the KfW website.

New loan program with discounted loans

Minister Geywitz announced a new loan program to promote home ownership in October. The focus here should be on families with lower and middle incomes.

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Families with a taxable annual income of up to 60,000 euros should be able to receive reduced-price real estate loans from KfW. A total of 350 million euros would be available annually for this funding pot.

>> Read also: These requirements and deadlines are important when it comes to Baukindergeld

Funding will begin in April 2023, Geywitz told the Funke media group at the time. Only buildings that meet the latest energy efficiency standards are funded. At the same time, the funding is better than the previous Baukindergeld, said Geywitz.

Permits for single-family homes have recently fallen

From January to August 2022, the number of permits for single-family homes fell by 15.8 percent. A year earlier, the number of building permits for single-family homes had increased as a result of the child allowance.

According to the Federal Statistical Office, the funding contributed to the fact that in the period from January to March 2021 alone, almost 7,400 more single-family homes were approved than in the first three months of the current year.

More: Minister Geywitz sees no quick solution for more affordable housing

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