Living - Housing industry wants 150 million euros in state funding
The Thuringian Housing Industry Association is demanding at least 150 million euros a year from the state to promote new housing construction and refurbishment. Without such an amount, fewer homes could be built or modernized in the face of rising costs and interest rates, explained the director of the housing industry association, Frank Emrich, in Erfurt on Wednesday.
Together with interest subsidies from the federal government, the money could provide more orders for the struggling construction industry. "Good and affordable housing is acutely endangered, not to mention climate neutrality in the foreseeable future." The association primarily represents municipal and cooperative housing companies in Thuringia.
"If we don't support the medium-sized regional construction industry now, the housing sector there is at risk of going out of business. It looks really dramatic at the moment," said Emrich. The members of the association forecast that only around two thirds of the new builds planned for 2024 will be feasible. By 2025, this proportion could fall to 44 percent. In addition, around a third of the planned modernization projects will be reduced in quality. "The housing industry urgently needs investment security through clear and simplified rules," explained the association director.
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The housing industry association in Thuringia advocates for 150 million euros annually for construction and refurbishment, specifically in Erfurt, to combat rising costs and interest rates. Without adequate funding, the construction industry may struggle to deliver adequate and affordable housing, potentially jeopardizing climate neutrality goals.
Source: www.stern.de
