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Billion Euro Increase in Federal Funding for CO2 Building Renovation Program Announced by Ministry of Economic Affairs

Federal funding for the CO2 building renovation program and other measures would be increased by three billion euros by 2011, the Ministry of Economic Affairs announced on Saturday. The KfW Bank is providing, among other things, an additional loan volume of 2.5 billion euros for 2009. “The interest rates for KfW financing offers are currently below two percent,” said Thoben. Energy saving measures would be promoted like never before. Loans are also available for replacing night-time storage heaters. Large residential areas, which often have a poor energy balance, could also be renovated with KfW funds. So far this year, KfW has approved 14,000 funding applications in North Rhine-Westphalia. Owners of 40,000 residential units received low-interest federal loans. The total amount could add up to around one billion euros by the end of the year, it was said. In 2009, the KfW funds for North Rhine-Westphalia are to be increased even further. The renovation measures financed with KfW funds created or secured around 13,000 jobs in North Rhine-Westphalia.

2024-01-14 11:02:09
#Thoben #lowinterest #KfW #loans #homeowners #NRW

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