Frankfurt am Main
Frankfurt am Main

Frankfurt am Main

Unlisted Orgs
GIMA FrankfurtGIMA Frankfurt
Population (AI)

763,000

Enrich by AI!
Last edited
Oct 2, 2024 3:44 PM
Category
Prio-25
Local programs

The city of Frankfurt am Main has set several targets and initiated programs to promote affordable and sustainable housing: 1. **Affordable Housing Targets**: - **Vonovia Agreement**: The city agreed with Vonovia to limit rent increases to inflation plus 1% for three years and to include 30% subsidized housing in new construction projects. - **Housing for All**: The "Housing for All: New Frankfurt 2018" competition aimed to build lower-cost, higher-quality affordable housing, with 40% subsidized housing in the Hilgenfeld neighborhood. 2. **Sustainable Housing Initiatives**: - **The Frankfurt Prototype**: An innovative building project focusing on affordable, sustainable housing typologies, using recycled materials and modular designs. - **Terrace House**: A terraced affordable housing complex in the Hilgenfeld development district, emphasizing shared spaces and energy efficiency. 3. **Local Programs and Funding**: - **Frankfurt Bridges**: A project creating 875,000 square meters of affordable housing above city roads, with socially oriented pricing and ecological standards. - **Integration with National Programs**: Local initiatives often align with national funding mechanisms, such as the use of subsidized housing models and adherence to ecological standards, ensuring a comprehensive approach to affordable and sustainable housing.

Housing Market

**Summary of the Housing Market in Frankfurt am Main:** The housing market in Frankfurt am Main has experienced a significant slowdown, with property prices decreasing by approximately 20% since mid-2022, returning to 2018 levels. The market has stabilized in the first half of 2024, with adjusted incomes and rents rising by 2-3% over the past year. The empirica property price index for Q2/2024 shows a slight decline in purchase prices for detached and semi-detached houses (-0.5%) and condominiums (-0.4%), while rental prices continue to rise sharply by 1.4%. **Key Figures:** - **Median Price per sqm to Rent:** Approximately €15.20/m². - **Median Price per sqm to Buy:** Specific figures for Frankfurt are not provided in the sources, but the general trend indicates a stabilization in purchase prices. - **Total Number of Housing Units:** Not specified in the sources. - **Rental vs. Ownership:** Not specified in the sources, but generally, in Germany, about 57% of the population rents their home, and 43% own their home[not directly sourced but general German statistics]. - **Public, Social, and Cooperative Housing:** Not detailed in the sources, but these sectors play a significant role in addressing housing shortages and affordability issues in German cities. **Note:** The specific figures for the total number of housing units, rental vs. ownership rates, and the share of public, social, and cooperative housing in Frankfurt am Main are not provided in the given sources.

Further Actors?

In Frankfurt am Main, several individuals and organizations across various sectors can be considered as potential conversation partners and collaborators for building more affordable and sustainable housing: 1. **Academic Institutions**: - **Städelschule**: Collaborated on "The Frankfurt Prototype," an innovative building project focusing on affordable, sustainable housing. - **Frankfurt University of Applied Sciences (UAS)**: Partnered with Städelschule and Senckenberg Gesellschaft für Naturforschung on "The Frankfurt Prototype". 2. **NGOs and Foundations**: - **Senckenberg Gesellschaft für Naturforschung**: Involved in "The Frankfurt Prototype" project. - **Hessisches Ministerium für Wissenschaft und Forschung, Kunst und Kultur**: Supported "The Frankfurt Prototype". 3. **Local Administration**: - **City of Frankfurt Planning Department**: Launched the "Housing for All: New Frankfurt 2018" international architecture prize. - **Mayor of Frankfurt am Main**: Supported initiatives like the agreement with Vonovia for sustainable living at fair prices. 4. **Real Estate Developers**: - **Vonovia**: Partnered with the City of Frankfurt for sustainable and affordable housing. - **ABG Frankfurt Holding**: Collaborated on the "Housing for All: New Frankfurt 2018" project. 5. **Architecture Firms**: - **NL Architects and STUDYO**: Designed terraced affordable housing complexes in Frankfurt. - **Barkow Leibinger architects and Schneider+Schumacher architects**: Contributed to "The Frankfurt Prototype". 6. **Housing Cooperatives**: - **Altes Neuland Frankfurt**: Developing affordable housing projects with humane building concepts. These entities can provide valuable insights and collaboration opportunities for advancing affordable and sustainable housing in Frankfurt.

Cooperatives

In Frankfurt am Main, housing cooperatives (Wohnungsbaugenossenschaften) play a significant role in providing affordable and stable housing options. These non-profit organizations focus on self-help, community, and solidarity, offering members a lifetime right to use properties at below-market rates. Frankfurt also has a version of collaborative housing known as "Cohousing," which emphasizes community-oriented living and mutual support. Cohousing projects are often self-organized and socially oriented, with residents designing and managing their living spaces together. While specific market share data is not provided, there are several notable housing cooperatives in Frankfurt, including Beamten-Wohnungs-Verein Frankfurt am Main, Fundament Bauen Wohnen Leben, and Volks-Bau- und Sparverein Frankfurt am Main, among others. The city promotes cooperative housing through initiatives like the "Frankfurt Information Exchange for Cohousing and Cooperative Living" and supports the Netzwerk Frankfurt für gemeinschaftliches Wohnen e.V., a non-profit association that provides expertise and networking opportunities for community-based housing projects. Lighthouse projects include the Mietschäuser Syndikat, a network of cooperatives that protects against privatization and supports new projects. Recent years have seen the emergence of new cooperatives like Fundament Bauen Wohnen Leben, which offers a lifetime right to use properties for members who invest in shares.