"KFW-159: Elderly Reconstruction Program"
The KfW "Age-Appropriate Renovation" program, known as the KfW 455, is an investment grant in Germany aimed at supporting the renovation of residential buildings to make them more suitable for older people, improving accessibility and barrier-free living conditions.
Eligibility Criteria
To be eligible for the KfW 455 program, applicants must be owners of residential buildings who wish to renovate their properties to an age-appropriate standard. The program primarily targets renovations that improve accessibility, barrier-free access, and age-appropriate living spaces. Both private homeowners and landlords who renovate rental properties may be eligible, provided the renovation meets the program's technical criteria for age-appropriate measures.
Funding Opportunities
The program provides investment grants (not loans) covering a percentage of the eligible costs for age-appropriate renovation. The specific grant amount depends on the scope of the renovation and adherence to KfW’s technical standards. The grant supports measures such as widening doorways, installing ramps, barrier-free bathrooms, floor-level showers, handrails, and other accessibility features.
Terms
The grant is typically disbursed after completion of the renovation, upon submission of invoices and proof of compliance with program standards. Recipients must comply with the defined technical requirements to qualify for funding. There is likely a cap on total grant funding per property. The program is designed to support gradual and sustainable renovation projects improving the building’s suitability for the elderly, thus promoting aging in place.
Additional Information
The KfW loan can be used if you buy residential property that has been barrier-free modernized in the last 12 months, but the measures must be explicitly stated in the purchase contract. The current interest rate for the KfW program 159 ranges between 2.18% and 3.29%. The KfW 455 Investment Grant has been reactivated.
It is important to note that the KfW 455 Investment Grant is not available for holiday homes and apartments, commercial spaces, and care and senior living facilities. The renovation of heated non-residential floors to barrier-free residential floors is also eligible for funding.
Detailed terms including exact grant amounts, precise eligibility requirements, and application procedures were not fully specified in the current search results. It is recommended to check the official KfW website or consult a certified funding advisor for comprehensive and updated information.
In summary, the KfW 455 Age-Appropriate Renovation program is an investment grant supporting owners in making homes more accessible and suitable for aging occupants, with eligibility based on property ownership and renovation scope meeting KfW criteria, and terms involving post-renovation grant disbursal upon verification.
- In addition to homeowners, landlords who wish to improve the accessibility of their rental properties can also be eligible for the KfW 455 Age-Appropriate Renovation program.
- The KfW 455 Investment Grant can cover expenses for various health-and-wellness renovations, such as installing barrier-free bathrooms, floor-level showers, and handrails to enhance aging-friendly living spaces.
- Apart from home-and-garden projects, the KfW 455 Age-Appropriate Renovation program does not provide funding for holiday homes, commercial spaces, or care and senior living facilities.
