Upper Austria strengthens affordable living space: new funding for densification
Upper Austria strengthens affordable living space: new funding for densification
In Upper Austria, a new focus is on replica projects in the area of social residential construction. The State Councilor Manfred Haimbuchner (FPÖ) announced this as the deputy of the governor. The changes affect the Upper Austria. Definitional regulations, which is now presented for assessment. In the future, direct state loans will be available to promote replica projects, which is a significant step in the creation of living space.
"affordable living space is what people need," said Haimbuchner in Linz. He emphasized that it was a major challenge to create this living space, especially in urban areas, where there is great potential for the use of existing areas. Densification means using already sealed areas more efficiently. This type of building can be more cost -intensive, but the new regulation that goes into assessment is considered a crucial progress.
new funding guidelines for replica projects
In the future, the funding will be adapted to the existing new building funding guidelines. The state of Upper Austria will provide direct loans instead of grants. These new funding relate to various types of construction projects, such as the subsequent installation of apartments or increases from existing buildings. There is an upper limit for the construction costs, especially for demolition and new construction projects, but a rent of a maximum of 5.80 euros per square meter must be observed.An example illustrates the advantages of this new regulation: A developer in the Linz-Land district plans to create 25 rental apartments in an old inn through subsequent conversions and increases. Construction costs of over four million euros are estimated. Due to the new funding, the rent for a 70 square meter apartment could reduce over 290 euros per month, which means an annual saving of almost 3,500 euros for tenants.
comprehensive reforms in the residential construction sector
With the expiry of the five-point plan for housing subsidies introduced in 2023, a new regulation is needed. In the future, developers can flexibly decide how much equity they want to bring in - between 11 and 20 percent. The remuneration for this equity is staggered depending on the amount.
In addition, the promotion of underground garages from 2025 will be expanded. The support is offered for three -storey and four -storey buildings and is intended to help use the areas for green areas and at the same time create space for vehicles. The duration of the funding loans remains 45 years, and interest rates are still located in the low range of 0.5 to 1 percent.
The residential buildings for 2025 will be set at 344.8 million euros, whereby a significant part is reserved for new construction. This would not only benefit the new building funding, but also focus on replica projects.
The reactions to the new plans were mixed. Representatives of the ÖVP welcomed the measures as a step in the right direction for affordable living space. In contrast, the SPÖ called for a comprehensive reform of the residential allowance to ensure that the already contaminated households in Upper Austria are not under pressure. In addition, green politicians expressed the desire to focus more on renovation measures in order to promote climate protection in residential construction.
The upcoming changes promise a realignment in the residential building of Upper Austria, with the aim of proactively addressing the challenges in the area of the affordable living space and at the same time efficiently dealing with the existing areas. Further information on the new regulations can be found here .
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