State Supports Families on the Path to Home Ownership - Saxony-Anhalt boosts rural homeownership with child-focused subsidies up to €175,000
Saxony-Anhalt has expanded its homeownership support scheme to help families with children buy rural property. The new measures focus on rural areas and include higher subsidies based on family size. Officials hope the changes will encourage more residents to stay in the region long term.
The updated programme now factors in the number of children when calculating subsidies. Families can access an extra €25,000 per child on top of the existing €100,000 low-interest loan, raising the maximum possible loan to €175,000. Interest rates are fixed at 0.9% for a 10-year term or 1.7% for a 20-year term.
Funds from the scheme can also be used for modernisation and renovation projects. However, eligibility remains subject to income limits. Applications must be submitted through the Investment Bank of Saxony-Anhalt (IB). The state has allocated €5.5 million from its housing promotion fund for the initiative. Infrastructure Minister Lydia Hüskens, who leads the FDP in Saxony-Anhalt, has emphasised the programme’s role in stabilising rural communities. The government, a coalition of CDU, SPD, and FDP under Minister-President Reiner Haseloff, sees homeownership as a key tool for retaining residents.
The expanded subsidies aim to make property ownership more accessible for families in Saxony-Anhalt. With lower interest rates and higher loan limits, officials expect increased demand, particularly in rural districts. The scheme runs under the state’s broader housing promotion strategy, with €5.5 million already earmarked for support.
