The new Development Loans of NRW.BANK is aimed at all condominium associations (WEGs) in NRW that want to modernise or rehabilitate the housing they mainly use themselves, have no commercial landlords as members and consist of at least five owners. Smaller WEGs can make use of the NRW.BANK.Gebäudesanierung promotion programme.
The usability of the credit extends over investments in
- Energy efficiency, for example:
- Renewal of the heating system or its components
- Installation of new windows and insulation
- Facade renovation
- Environmental protection, for example:
- Pollutant clean-up
- Resource conservation, for example through new sanitary installations
- Structural measures for flood protection
- Accessibility, for example:
- Change of the building layout
- Removal of barriers
- Retrofitting with lifts and stairlifts
- and the financing of maintenance measures.
How does the WEG loan work?
WEGs can finance individual measures with up to 10 million euros through the funding programme. A maximum of 30,000 euros is available per housing unit. The loan term is 10 years with a grace year and a fixed interest rate over the entire term. The loan is applied for by the property management company through the WEG's chosen principal bank. NRW.BANK assumes 50% of the risk of the principal bank.
Source: energieagentur.nrw
Keywords:
Stock, Funding, News Blog NRW