Housing policy: Seehofer defends Baukindergeld

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Berlin (AP) - For the construction children's funds were received by the end of January 64 000 applications. The responsible for building Federal Interior Minister Horst Seehofer said that at a reception of the umbrella organization of the real estate industry ZIA. This would already 1.3 billion planned € 2.7 billion by the end of 2020, said Seehofer. The Baukindergeld can be applied for since August. For the construction of a house or the purchase of a property beckons a government subsidy of 1200 euros per child and year, paid over ten years: that is 12 000 euros per child.

REF: https://www.zeit.de/news/2019-02/12/seehofer-verteidigt-baukindergeld-190212-99-961060