Vienna
Vienna

Vienna

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Population (AI)

1,897,500

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Last edited
Oct 24, 2024 8:16 PM
Category
Prio-10CapitalPrio-25
Local programs

Vienna, a city in Europe, has a comprehensive approach to affordable and sustainable housing. The city's targets include providing high-quality, affordable housing to its residents, with a focus on social mixing and environmental sustainability. Key activities and programs include: - **Subsidized Housing Schemes**: Vienna offers subsidized rent and ownership schemes, targeting not only low-income households but also the middle class, with income limits up to 180% of the median income. - **Active Land Policies**: The city has an active land policy, requiring two-thirds of new developments exceeding 150 residential units to be dedicated to subsidized housing. This includes mixed-use developments with shops, offices, and green spaces. - **Sustainable Building**: Vienna aims to achieve climate neutrality by 2040 through the refurbishment of existing buildings and the construction of new, environmentally sustainable housing. The city's "four pillar model" includes strict social, economic, architectural, and ecological criteria for new developments. - **Funding Mechanisms**: The city invests over 500 million Euros annually in affordable housing, using a strong finance model based on revolving funds, grants, and low-interest loans. This includes a 1% tax on residents' annual income, which is reallocated to building subsidized housing. Local programs work in conjunction with national initiatives to ensure a comprehensive approach to affordable and sustainable housing. The city's housing fund, Wohnfonds Wien, plays a crucial role in managing land policies, subsidies, and new construction projects.

Housing Market

The current situation of the housing market in Vienna, Europe, is characterized by high demand and limited supply, leading to rising prices. Here is a summary: - **Total Housing Units**: Vienna has approximately 969,229 main residences, with 75.5% being rental apartments and 24.5% being owner-occupied. - **Rental vs. Ownership**: 75.5% of residents rent their homes, while 24.5% own their homes. - **Median Price per Square Meter**: - **Rental**: Prices start at EUR 21 per square meter for older homes and EUR 24.5 per square meter for new ones in central neighborhoods. In outer districts, prices average EUR 15 per square meter for old buildings and EUR 19 per square meter for newer ones. - **Buying**: The cost per square meter varies significantly by district, with central areas starting at EUR 14,000 per square meter and outer districts like the 10th, 21st, 22nd, and 23rd starting at EUR 5,000 to EUR 6,000 per square meter. - **Public, Social, and Cooperative Housing**: These sectors play a significant role, with 56% of rental properties owned by the City of Vienna or non-profit building associations, contributing to a major part of the city's social housing.

Further Actors?

In Vienna, several individuals and organizations across various sectors could be interesting conversation partners and collaborators for building more affordable and sustainable housing: 1. **Academic Institutions**: - Vienna University of Technology (TU Wien), particularly the Institute of Architecture and Design - University of Vienna, Department of Geography and Regional Research 2. **NGOs**: - Habitat for Humanity Austria - Caritas Austria, focusing on social housing and homelessness 3. **Political Actors**: - Vienna City Council, specifically the Department for Housing, Construction, and Urban Renewal - Austrian Chamber of Labour, advocating for social housing and labor rights 4. **Impact Investors**: - ERSTE Foundation, supporting social housing initiatives - Impact Hub Vienna, fostering social entrepreneurship and innovation 5. **Manufacturers and Construction Companies**: - Wienerberger AG, a leading building materials company - PORR AG, a construction company with a focus on sustainable building 6. **Startups**: - Urban Innovation Vienna, promoting urban sustainability projects - Startups in the Vienna Business Agency’s Smart City Wien initiative 7. **Real Estate Developers**: - BUWOG Group, a real estate company with a focus on affordable housing - S IMMO AG, a real estate investment company with sustainable projects 8. **Architecture Firms**: - Coop Himmelb(l)au, known for sustainable and innovative architectural designs - Querkraft Architekten, focusing on sustainable and social housing projects 9. **Housing Cooperatives**: - Gemeindebau Wien, managing Vienna’s municipal housing stock - Limited Profit Housing Associations (LPHAs), such as the Wohnfonds Wien, which oversees new construction and restoration of affordable housing.

Cooperatives

In Vienna, housing cooperatives play a significant role in providing affordable housing. The city has a long tradition of cooperative housing, with the oldest remaining active housing cooperative founded in 1895. However, the dominant form of social housing in Vienna is managed by Limited-Profit Housing Associations (LPHAs) and the municipal housing sector, rather than traditional cooperatives. LPHAs are non-profit organizations that provide affordable housing with the support of the city. They manage a significant portion of Vienna's housing stock, with around 200,000 subsidized flats. The municipal housing sector, including LPHAs, comprises approximately 43% of Vienna's housing units, ensuring long-term affordability and stability for residents. The city promotes and financially supports cooperative and social housing through various programs. For example, the city subsidizes the construction of new social housing units and provides rental support for low-income residents. Vienna's commitment to social housing has resulted in a high quality of life for its residents, with around 50% of the population living in subsidized dwellings. The city's model of social housing is internationally recognized and serves as a model for other cities.