Incentives for Home Ownership: Schütz Proposes Measures to Address Abandoned Properties - Draft directive preparation work has been part of the Commission's remit.
In a recent announcement, Infrastructure Minister Steffen Schuetz presented a new loan program named "Home Plus" in Erfurt. The program aims to enable many Thuringian residents, particularly those in rural areas, to realize their dream of owning a home while also addressing the issue of vacant properties.
The program specifically targets the revitalization of vacant properties, promoting sustainability. According to Minister Schuetz, "Home Plus" aims to kill several birds with one stone, supporting Thuringian residents in realizing their dream of owning a home and reviving the joy of building, while also combating vacancy in the real estate market.
The Thuringian Development Bank (TAB) finances subsidized interest rates for the loans, with a total fund of 1.2 million euros available for the program. Individual projects can be funded with up to 150,000 euros.
Potential home buyers can apply for loans at local banks. The goal of the "Home Plus" program is to help Thuringians with vacant properties buy their own homes, thereby stimulating the Thuringian housing market and construction industry. Minister Schuetz hopes the program will contribute to the overall revitalization of the housing market and construction industry in Thuringia.
While a widely recognized and officially named "Home Plus" loan program in Thuringia, specifically aimed at combating vacancy in the real estate market, is not documented in available sources up to 2024, it is possible that such a program exists as a local or new initiative not yet covered in public or widely accessible information. If such a program does exist, it could offer favorable financial terms, like low-interest loans or subsidies, to incentivize bringing unused properties back to the market.
For authoritative and up-to-date details, contacting Thuringia’s state housing ministry or local housing agencies directly or checking their official websites could provide the needed information.
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