According to Governor Christopher Drexler (ÖVP) and his deputy, Finance Minister Anton Lang (SPÖ), multi-storey structure subsidies will be changed. The scheme will be switched to a combination of increased subsidies and low-interest state loans. This way, the cost of financing new apartments and rental prices will decrease. Each year about 1,400 units will be affected. The income restrictions will also be reformed. The initiative will cost approximately EUR 100M in 2023 and 2024, as stated by Finance Minister Anton Lang (SPÖ).
The government in Styria will also launch a housing bonus, which is a subsidy contribution for existing residences and for new ones to be erected in the 2015 to 2023 construction schemes. Therefore, the net rent for an apartment in the example above should drop back to EUR 431.