German development bank to invest €10bn in sustainabl

German development bank to invest €10bn in sustainable housing

Germany's state-owned development bank KfW plans to create more affordable and sustainable housing as the country struggles with a growing shortfall of such housing. More than €10 billion ($10.8 billion) were earmarked for this in the 2024 federal budget, the bank announced on Wednesday - around €5 billion more than was spent last year. "The creation of sustainable and affordable housing is one of our priorities in 2024," said chief executive Stefan Wintels. Specifically, this involves new fundi

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