Bavarian Housing Program - Interest-free Grant

  • Erstellt am 2019-06-03 15:56:21

Alfgard

2019-06-03 15:56:21
  • #1
Hello everyone,

I wanted to ask if anyone is familiar with the Bavarian Housing Program:
I am not quite clear about what is meant by the "Kinder-Zuschuss":

"Kinderzuschuss 5.000 EUR
Households with children receive a one-time grant of 5,000 euros per child. This also applies if at the time of application the birth of one or more children is expected due to an existing pregnancy."

Is this a grant that does not have to be repaid or simply an interest-free grant that must be repaid?

So:

30,000.00 loan + 5,000 per child on top and only repay 30,000.00 plus interest

or

30,000.00 loan + 5,000 per child on top and repay 30,000.00 plus interest and 5,000.00 without interest.

Many thanks in advance
 

Isokrates

2019-06-03 19:48:47
  • #2
Hello Alfgard,
As it is written in the brochures on the [Bayern Labo] website, this grant basically does not have to be repaid.
The exception, however, is if the property is not used according to the funding requirements for 5 years. Then you would have to repay 1/5 for each year of non-compliant use.
 

Zaba12

2019-06-03 20:08:22
  • #3
According to own telephone inquiry, the 5k€ is only available in combination with the interest subsidy program of BayLabo, meaning no subsidized loan is taken, no 5k€.
 

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