Subsidy of EUR 688,000 return through public funds + tax benefits MFH with 5 apartments Trier

Modern condominiums in a five-family house as a separate sub-community (Building C) with separate maintenance of a community of owners with 3 buildings and underground parking in a sought-after location. The apartments range from approx. 80 to approx. 120 m² and are well equipped with modern technology. All apartments have attractive balconies and terraces. The building specification provides for heating with a modern heat pump.
The property meets the KFW Efficiency House 55 renewable energy standard.
energies. The planned triple glazing of the windows, electric shutters, high-quality external insulation, controlled ventilation with heat recovery and modern heating technology enable very low heating costs. You can still have a say in the interior design. Attractive tiles and beautiful parquet or vinyl flooring are planned, and there are several variants of 3, 4 and 4-room apartments from
approx. 80 to approx. 125 m² are available.
It is possible to obtain public funding for the apartments from the Investitions- und Strukturbank Rheinland-Pfalz (ISB Rheinland-Pfalz). The amount of the subsidy depends on the location of the property (rent level 1 - 7), the occupancy rate and the length of occupancy, the type of apartment, the property fittings and the size of the apartment.
Trier is classified in rent level 6 (i.e. the second highest level). Here, the basic subsidy amounts to EUR 2100 to EUR 3,050 per m² of eligible living space, depending on the tenant's occupancy rate and income level. The ISB grants a repayment subsidy of 45% or 50% on the basic subsidy and 50% on the additional loans. In the case of the ISB subsidy, the balconies and terrace are not to be calculated at 50 % as usual, but at 25 %!
On the basis of the planning, the upper limits for living space and taking into account the smaller areas for balconies and terraces, approx. 417 m² of living space is eligible. The following loans can be taken out for this purpose with a 30-year loan commitment: a) Basic subsidy EUR 3,050 per m² - EUR 1,271,850b) KFW 55 additional loan EUR 250 per m² EUR 104,250 in total EUR 1,376,100 Here a repayment subsidy of up to 50 % - corresponding to EUR 688,050 - can be taken out. The loan is reduced by this amount immediately after completion, settlement and proof of proper occupancy. The interest rate is as follows for the 30-year fixed term:
a) from year 1 to year 10 - interest rate 0%
b) from year 11 to year 15 - interest rate 0.5%
c) from year 16 to year 30 - interest rate 1%
The rent for this subsidy is EUR 6.80/m² with an annual increase of 1.75%. Additional rent may be charged for kitchens and parking spaces. We assume no liability for the granting of public loans.

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The interest rate is as follows for a document commitment of 30 years:
a) from year 1 to year 10 - interest rate 0%
b) from year 11 to year 15 - interest rate 0.5
c) from year 16 to year 30 - interest rate 1%
The rent for this subsidy is EUR 6.80/m² with an annual increase of 1.75%. Additional rent may be charged for kitchens and parking spaces.

Details can be found at https://isb.rlp.de/foerderung/551.html.
Let us advise you!
We assume no liability for the granting of public loans.