State trust bank Rhineland-Palatinate
The Landestreuhandbank Rheinland-Pfalz (LTH), based in Mainz, was a development bank of the State of Rhineland-Palatinate ; on January 1, 2012, it became a public-law institution with the Investment and Structural Bank Rhineland-Palatinate , which was originally a GmbH , merged.
history
LTH was founded in 1949 as a trust fund for real estate liens and in 1960 incorporated into the newly created LRP Landesbank Rheinland-Pfalz , which was merged with Landesbank Baden-Württemberg on July 1, 2008 . Until the end of 2008, LTH was part of the Rhineland-Palatinate Bank, a dependent institution of the Landesbank Baden-Württemberg, legally dependent, but economically and organizationally independent. On January 1, 2009, the LTH Landestreuhandstelle Rheinland-Pfalz was transferred to a public law institution and renamed the Landestreuhandbank Rheinland-Pfalz.
She was entrusted with the task of implementing the funding programs in the field of housing and urban development .
Key figures as of December 31, 2009
| Balance sheet total : | 1.9 billion euros |
| Funding volume (budget): | 95.0 million euros |
| Subsidized housing units 2009: | 5,223 |
| Stock of subsidized residential units: | 109,500 |
| Urban development funding: | 82.4 million euros |
| Energy and climate protection: | 18.6 million euros |
| Number of employees: | 96 |
tasks
With the funds transferred to it by the state in trust, the LTH awarded loans and grants for
- the construction or purchase of residential property for personal use
- The state supports the construction and acquisition of homes and apartments with low-interest capital market loans. The size of the loan depends on the household size and household income of the builder. Building owners and buyers who do not exceed the income limits, which are graded according to household size, are eligible to apply.
- the construction of rental apartments
- The state supports the construction of new rental apartments. The program offers for the builders differ in particular according to the income of the tenants for whom the apartments are being built. The funding amount is determined from this basic decision.
- the modernization of residential property and rental apartments
- The support program includes investment grants and low-interest capital market loans to builders. As part of the modernization program, the state is promoting, among other things, the sustainable increase in utility value, energy-saving measures, measures for the use of alternative and regenerative energies and measures for barrier-free living. An apartment that is used by the applicant is funded if the income of the applicant and his household members does not exceed a certain income. A subsidized rental apartment may not exceed a certain upper rent limit after the work has been completed.