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Frankfurt / Main / Leipzig (dpa) - In the past two and a half years, more than 16,000 families in Saxony have fulfilled their dream of owning their own home with the child benefit.

From the start of the program in September 2018 to the end of March, 16,029 commitments for the state home ownership grant were made for the Free State, as the responsible development bank KfW announced to the German press agency.

Around 328.5 million euros in funding were distributed in Saxony.

Nationwide it was around 7 billion euros.

According to the Federal Ministry of the Interior, no further extension is currently planned.

Since April, applications can only be submitted by families who have already signed a purchase contract or received a building permit in March.

The Baukindergeld is similar to the previous home ownership allowance.

Parents and single parents who build a house or buy a property have been able to benefit since September 2018.

An annual income limit applies, which is 90,000 euros for a child and higher for larger families.

There is then 12,000 euros per child, paid out in ten annual installments of 1200 euros.

A total of 9.9 billion euros are available.

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© dpa-infocom, dpa: 210401-99-50226 / 2

KfW on construction child benefit