Frankfurt Program for the Construction of Affordable Rented Apartments: “Subsidy Scheme 1”
Municipal subsidies based on this guideline is combined with subsidies from the State of Hessen based on the “Guidelines of the State of Hessen for the Promotion of Social Welfare Rented Accommodation”. households who are registered with the Municipal Housing Department and whose income is within the limits specified by section 5 para.1 of the Hessen Act to Promote New Residential Properties (HWoFG) (Level 1) and the Decree Relating to the Specification of Deviating Income Limits in the Promotion of Housing, Official Gazette of the State of Hessen (GVBL) p. 331 (Level 2) are eligible to live in this kind of accommodation.
Starting rent per m² of living space and month (plus running costs):
in Level 1: € 5.00
in Level 2: € 6.50
Additional rent for high energy-related standard
in Level 1: € 0.50
Rent adjustment in line with consumer price index (taking German Civil Code (BGB) tenancy law into consideration) up to max.
in Level 1: 20 %
in Level 2: 15 %
below standard local comparative rent possible
Basic loan per residential unit
in Level 1: € 10,000
in Level 2:€ 6,000
Terms
Interest rate: 30 years interest freeas of 31st year: standard market interest rate for first mortgages 10-year fixed interest rate - max. 5 %Redemption: 1 %Processing fee: 1 %
Payment 99 %Equity 15 %
Terms Interest rate: 30 years interest freeas of 31st year: standard market interest rate for first mortgages 10-year fixed interest rate - max. 5 %Redemption: 1 %Processing fee: 1 %
Payment 99 %Equity 15 %
Payment as a rule in the following instalments
25 % completion of the basement ceiling
25 % completion of the shell
40 % building ready for occupancy
10 % Overall completion and final accounting
The grant to the rental income can be paid either annually, retroactively on the date of occupation for the duration of the specified purpose or once off on occupation in the form of amount that is discounted at an interest rate of 3 %.
General promotion conditions
The structure is built within the limits of the City of Frankfurt/Main.
For the project competing design scenarios were enacted at locations that are important in terms of urban development.
The quality criteria (Annex 2 of the Guidelines) were taken into consideration in the planning.
The criteria relating to accessible facilities (Annex 3 of the Guidelines) were taken into consideration in the construction of wheelchair-accessible apartments.
Living space eligible for promotion
Apartments for 1 person up to max. 45 m²
Apartments for 2 people up to max. 60 m²
Apartments for 3 people up to max. 72 m²
Apartments for 4 people up to max. 84 m²
…for every other person max. 12 m²
Supplement for accessible living space in accordance with the latest version of DIN 18040-2: 8%
Supplement for wheelchair-accessible living space in accordance with the latest version of DIN 18040-2: 16%
The Guidelines and application forms are available on our website and in the City Planning Department, Abteilung Stadterneuerung und Wohnungsbau (Department of Urban Renewal and Housing)
Kurt-Schumacher-Strasse 10
60311 Frankfurt/Main
Applications for the “Frankfurt Program for the Construction of Affordable Rented Apartments: Promotion scheme 1” are made together with that for state promotion and using the from provided by WI-Bank. You will find it at: https://www.wibank.de/wibank/hessisches-mietwohnungsbauprogramm/soziale-mietwohnraumfoerderung--geringe-einkommen-/307058
The municipal department of housing promotion provides advice about and accepts applications for municipal as well as state promotion.
By appointment or during general office hours: Tues. + Thurs. 8:30 a.m. – 12:30 p.m.
As at: February 2019
Contact partner(s)
Ms. Ilona Schäfer (Planung)
Telephone: +49 (0)69 212 36571
Fax: +49 (0)69 212 30731
Ms. Susanne Kreinz-Klawitter (Planung)
Telephone: +49 (0)69 212 44531
Fax: +49 (0)69 212 30731
Ms. Jana Kolthoff (Planung)
Telephone: +49 (0)69 212 35902
Fax: +49 (0)69 212 30731
Ms. Priscilla Nogueira (Planung)
Telephone: +49 (0)69 212 71953
Fax: +49 (0)69 212 30731
Mr. Olaf Grohmann (Finanzierung)
Telephone: +49 (0)69 212 34682
Fax: +49 (0)69 212 30731
Ms. Claudia Mouhsine (Finanzierung)
Telephone: +49 (0)69 212 35346
Fax: +49 (0)69 212 30731
Mr. Ralf Steinkrauss (Finanzierung)
Telephone: +49 (0)69 212 35107
Fax: +49 (0)69 212 30731