No, every era has or had its challenges. Knowing all the factors that make a sale easier and more secure is still helpful today.
Based on the → North Rhine-Westphalia Home Ownership Subsidy Guidelines, NRW-Bank, together with the state of North Rhine-Westphalia, supports citizens in creating owner-occupied residential property in North Rhine-Westphalia with the NRW.Zuschuss Wohneigentum program. The state is providing €400 million in funding for this program.
The state is extending the funding period for the home ownership subsidy program beyond December 31, 2022. This means that purchases can continue to receive financial support beyond the turn of the year as long as there is still money in the subsidy pot. The subsidy program applies to all purchase agreements notarized or award decisions issued on or after January 1, 2022.
Who is eligible for funding?
The subsidy program is aimed exclusively at natural persons who have purchased or will purchase owner-occupied residential property or building land for the construction of owner-occupied residential property in North Rhine-Westphalia in 2022.
Proof of owner-occupancy as the main residence must be provided within three years of submitting the application at the latest.
How is funding provided?
- Type of funding: Grant
- Funding amount: A fixed funding rate of 2% of the notarized purchase price subject to real estate transfer tax for residential self-use applies, up to a maximum of €10,000.
How do I submit an application?
The application, which is mandatory for the grant to be awarded, is submitted entirely digitally →here.
You will need the following information and documents, among others:
- Location of the property
- IBAN and BIC of your bank account
- Your tax ID
- Identification documents
- Notarized purchase agreement or legally binding award decision from a foreclosure sale in 2022
- Real estate transfer tax assessment(s)
- Proof of payment for the real estate transfer tax (e.g., bank statement)
- Registration certificate after taking up primary residence (as soon as available, no later than 3 years after submitting the application)
Only one application may be submitted per purchase agreement. The application must be submitted jointly by all purchasers. Each person may only claim the subsidy under this subsidy program once. In this respect, the above documents must be submitted jointly by all applicants.
We help you take advantage of your chance to win up to €10,000
Public subsidies or grants are very complex and require many prerequisites. It is easy to become uncertain about whether you are doing everything correctly. Let us provide you with expert guidance. In order to actively support you in this process, our specialists always keep track of your personal and financial situation.
Make an appointment with one of our specialists. They will provide you with detailed information about the NRW subsidy and help you apply for it.