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Berlin secures €100M loan to expand affordable housing by 2035

A bold step toward greener, fairer housing: Berlin's €100M investment will build new homes and slash emissions. Can it ease the city's crisis?

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2 min read
The image shows a plan of the city of Berlin, Germany, with a drawing of a building in the center....
The image shows a plan of the city of Berlin, Germany, with a drawing of a building in the center. The text on the paper provides further details about the plan, such as the layout of the buildings and the surrounding area.

Berlin secures €100M loan to expand affordable housing by 2035

Berlin has secured a €100 million loan from the Council of Europe Development Bank (CEB) to expand its affordable housing news programme. The funding will support new construction, energy-efficient upgrades, and climate protection measures across the city.

The investment comes as Berlin faces high demand for affordable homes and aims to strengthen its housing news supply until 2035.

The new loan will co-finance 193 subsidized apartments in the WATERKANT Berlin district, part of a larger development news. Additionally, 1,575 existing apartments in multiple boroughs will receive energy-efficient upgrades, focusing on reducing CO₂ emissions and improving energy savings.

Gewobag, Berlin's largest municipal housing company, plans to build 7,000 new apartments by 2035. The company will also invest around €1.55 billion in modernisation and climate protection by the same year. Markus Terboven of Gewobag noted that the loan will help advance the city's climate goals by improving energy efficiency in older buildings.

This is not the first CEB loan for Berlin. A previous €100 million loan is already funding a project on Meraner Straße in Schöneberg, set for completion in 2025. Carlo Monticelli, Governor of the CEB, emphasised the social importance of the investment, calling it a crucial step in easing pressure on one of Europe's most strained housing news markets.

The funding will address both immediate and long-term housing news needs. New construction projects will increase supply, while upgrades to existing apartments will cut energy costs for residents.

The €100 million loan will support Berlin's efforts to provide affordable housing and meet climate targets. With 193 new apartments under construction and 1,575 units receiving energy upgrades, the city aims to improve living conditions while reducing emissions. The project aligns with Gewobag's broader plan to expand housing stock and modernise existing buildings by 2035.

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