Increased funding for affordable housing.
In Germany, a greater number of apartments received state funding in 2023 to make them more affordable for people with lower incomes. Around 49,430 apartments received this assistance, as per a report by the Federal Building Ministry, led by the SPD. This marks an 8400 apartment or 20.5% increase from the previous year. However, there are significant variances between the individual states. Some states, such as Thuringia, Saxony, Mecklenburg-Western Pomerania, Rhineland-Palatinate, Berlin, and North Rhine-Westphalia, saw significant rises. Conversely, there were considerable declines in Baden-Württemberg and Bremen. The federal government is allocating a substantial amount of funding for social housing construction - a total of 18.15 billion euros will be available from 2022 to 2027. This funding will be supplemented by state subsidies, which could potentially double the amount.
The overall number of social rental apartments stood at approximately 1.07 million at the end of 2023. This is roughly 14,000 less than in 2022. The social commitment stipulates a set rent level, purposefully aiming to mitigate the tense housing market, especially in urban areas. It should be noted that these commitments usually expire after 10 to 15 years.
The Ministry of Construction anticipates that the decrease in social rental apartments in 2023 will be the lowest recorded since at least 2006. Before then, data on these numbers wasn't available. In six states, the number of social rental apartments increased in 2023 - Baden-Württemberg, Bavaria, Saxony, Saxony-Anhalt, Hamburg, and Hesse.
According to a source, the Federal Statistical Office is set to release the total number of apartments built in Germany for 2023 on Thursday. Surprisingly, the situation has stabilized. Around 295,000 apartments were completed in 2023, similar to the number in 2022. Both the industry and the government are eagerly anticipating a turnaround after the slump brought on by high inflation and increasing interest rates.
In Bavaria, the number of completed apartments rose by 4.6% in 2023. North Rhine-Westphalia anticipates a steady course. An increase in apartment buildings is likely to occur, while the trend for single-family homes is expected to decrease due to the impact of inflation on people's real incomes.
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Given the context of the text, two sentences that contain the given words and follow from the text could be:
"The increased funding for affordable housing in Germany has led to a significant increase in residential construction projects receiving subsidies, with nearly 50,000 apartments benefiting in 2023."
"With the additional funding and state subsidies, the total stock of social rental apartments in Germany is expected to increase significantly, potentially doubling the number of affordable housing options for people with lower incomes."
Source: www.ntv.de
