Federal Construction Minister Klara Geywitz has continued state funding for climate-friendly new construction and age-appropriate conversion of apartments. The interest rate for KfW loans in the program will be 2.1 percent as of Tuesday.

The SPD politician expects this to provide impetus for housing construction and the sluggish economy. She also called on the Union to no longer hold up the planned new degressive depreciation in new residential construction in the Mediation Committee of the Bundestag and Bundesrat.