Fürth

Fürth

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Population (AI)

Population: 130,000

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Last edited
Sep 30, 2024 6:49 PM
Category
Local programs

Housing Market

The city of Fürth, located in Germany, is experiencing a housing crisis characterized by rising rents and a shortage of affordable housing. Approximately 53% of the population rents their homes, reflecting the broader German trend where renting is more common than homeownership. The city faces significant challenges in providing affordable housing, particularly for lower-income households. To address this, the German government has implemented strong tenant protections and subsidies, focusing on supporting renters rather than owner-occupiers. Additionally, the city is likely to benefit from federal policies aimed at increasing the supply of affordable housing, such as subsidies for social housing developers to build and rent units at below-market rates. These measures are crucial in mitigating the housing cost burden and ensuring that a diverse range of households can access affordable housing.

Further Actors?

Cooperatives

The role of housing cooperatives in Fürth, Germany, is significant in providing affordable housing and promoting community-driven living. These cooperatives offer a model of shared ownership and management, contributing to the city's housing market by offering approximately 2.2 million units across Germany, with a notable presence in major cities like Berlin and Frankfurt. In Fürth, housing cooperatives play a crucial role in addressing housing affordability and social integration. They often provide multigenerational living spaces and mixed-functional living quarters, which are particularly beneficial for diverse communities. The city supports these cooperatives by offering incentives such as reduced land prices and lower borrowing costs for projects that align with the city's housing strategies. Recent years have seen a resurgence in the cooperative housing model, with new projects emerging in response to increasing housing demands. For instance, the Baakendocks project in Hamburg, managed by both traditional and new cooperatives, exemplifies the collaborative approach in managing large-scale housing projects. The city's promotion of cooperative housing includes providing financial incentives and favorable policies to encourage the development of new cooperative projects. This support helps in maintaining affordability and fostering community-driven housing initiatives, which are essential for the city's social and economic development.