FAQ English

A cooperative is a commercial enterprise (Corporation). The main difference to all other forms of business is the principle of democracy: each member has one vote regardless of its investment.

Moreover, to our cooperative applies:

• Owners and users of the cooperative are identical (every inhabitant is a member).
• The cooperative works cost-covering. The cooperative does not serve capital growth, but securing affordable housing.
• The cooperative is not only a business but also a social and cultural community. Our goal is a neighborly living environment instead of today often found big city anonymity. Developing our project we do not only follow economic but also social criteria.
• The management of the cooperative is controlled twice: firstly by the Supervisory Board, a body that is elected from the members. Also, each cooperative is a member of an audit association that regularly comprehensively examines the cooperative. Thus, a cooperative is a particularly stable and secure form of enterprise.

As a cooperative, we go a way between rental and ownership. All the members are co-owners of the cooperative and the cooperative is the owner of the House, which is used by the members.

You acquire a right of use but no ownership of the apartment, which you occupy and therefore can not sell it. If you want to move out, you can terminate your cooperative shares and retrieve their nominal value.

Apartments are only given to members. The duration of membership is an important criterion when lending an appartment.

We recommend to visit one of our information meetings before entering the cooperative but that is not compulsory.

If you want to become a member, you will find the relevant documents under downloads.

Return the signed signed membership agreement (currently only available in German) by mail to us.

Transfer € 1000 for your first compulsory share and € 500,- as an entrance fee to the following bank account (also to be found in the membership agreement):

Owner: Buergerbauverein Muenchen BbvM eG
IBAN: DE77 6005 0101 0405 0264 38
BIC: SOLADEST600

The entrance fee is used for our running costs. The compulsory share is the first part of your equity if an apartment is assigned to you. The compulsory share will be refunded when leaving.

Upon receipt of membership application and payment, you will receive a confirmation by E-Mail and by mail containing your member number.

Based on the wishes of our members we are planning different apartment sizes and shapes. In addition to apartments with 1-6 rooms with balconies or terraces/ garden shares at the groud floor also other forms of housing such as cluster housing or shared flats are possible.

Apartment sizes apartments refer basically to the Bavarian provisions for subsidized housing (No. 22 WFB 2012 – https://www.verkuendung-bayern.de/amtsblatt/dokument/allmbl-2012-1-20/).

We apply on a tender of the city of Munich. We can begin with the planning only, if we receive an acceptance. Therefore, currently there is no concrete plans. All members who are interested, can participate in the planning of the house.

„Kreditanstalt für Wiederaufbau“ (short: KfW) is a German public promotional bank. It offers a credit especially for financing cooperative shares at beneficial conditions up to 50,000 € with an optional grace period (pay interest only. Special repayment is possible during the first interest period free of charge. The credit will be offered through a principal bank, preferably the bank which will be financing our building project.
Find more information at Website of KfW (German only)

„Einkommensorientierte Förderung“ (EOF), „München Modell“ and „Konzeptioneller Mietwohnungsbau“ (KMB) are housing programs for various income groups, which should provide affordable housing in Munich. In all programs, builders are supported, if they commit in return to certain maximum rents, permanently not to sell the apartments and to award them only to respectively entitled people.

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