Federal subsidized loan financing a private individual’s purchase of cooperative shares for self-occupied co-op housing. Works for founding a new Wohnungsgenossenschaft (eG) or joining an existing one (Merkblatt: “sowohl bei Neugründung als auch bei der Beteiligung an einer bestehenden Wohnungsgenossenschaft”).
- Up to €150,000 per self-used Wohneinheit, one-off (“Einmalig maximal”); also covers later purchase of additional shares if required for self-use.
- Term up to 35 yr (variants 10/10, 25/3, 35/5; Mindestlaufzeit 4 yr), Zinsbindung 5 or 10 yr. Rate “aus Bundesmitteln verbilligt” during the first Zinsbindung; set at Zusage (market-linked, volatile).
- Tilgungszuschuss 15 % of the loan, max €22,500, credited after “Bestätigung nach Durchführung”; clawed back 1/10 per completed year if you leave the co-op or stop self-use early.
- Gates: applicant = natürliche Person only (never the eG); flat must be Haupt- oder alleiniger Wohnsitz; second homes and rent-free relative transfers excluded. Requires a Wohnungsgenossenschaft (eg-cooperative).
- Path: Hausbankprinzip — apply at a “Finanzierungsinstitut Ihrer Wahl” before buying the shares; Abruffrist 12 mo (auto-extended).
- Kumulierung: “grundsätzlich möglich” with other public loans/grants as long as total public commitments ≤ eligible cost → stackable with state Genossenschaftsanteil lines (berlin-ibb-genossenschaftsfoerderung-anteilserwerb, rheinland-pfalz-isb-genossenschaftsanteile) and wohn-riester / wohnungsbaupraemie savings.
Related
- eg-cooperative — the required entity form
- genossenschaft-shares — what the loan finances the purchase of
- kfw-124 — the sibling programme for buying/building owned homes (not shares)
- kfw-297-298 — what the eG itself borrows for the building (entity-level)
- soziale-wohnraumfoerderung — state loans the eG can layer under member shares
- wohn-riester, wohnungsbaupraemie — tax-favoured savings members can put into shares
- dachgenossenschaft-model — joining an umbrella co-op also qualifies (existing eG)
Detail
History: max raised from €100k to €150k on 2026-02-03 (Merkblatt Stand 02/2026).
Re-verified 2026-06-06 and again 2026-09-10 against the live page + Merkblatt
(still Stand 02/2026): all figures unchanged. Source URL updated in 2026-06 (old
Bestehende-Immobilie/Förderprodukte/ path 404; live path is
Bestandsimmobilien/Finanzierungsangebote/). Programme launched 2022-10-04 (BMWSB).
This is the federal anchor of the legal form is the gateway to funding principle: no eG, no Programm 134.