The Making Condos Safer and Affordable Act aims to expand financing options for critical safety and rehabilitation projects. It was introduced in response to the 2021 collapse of the 12-story Champlain Towers South condominium in Surfside, Florida, which claimed 98 lives. The legislation would widen access to the Federal Housing Administration's 203(k) loan program. It would also expand federal loan insurance available to private lenders and streamline the application process.
Finance Minister Lars Klingbeil (SPD) wants to relieve citizens of taxes of 10 billion euros. The plan is for the tax-free basic allowance to be increased, for child benefit to rise in two steps to 272 euros by 2028 and for the employee allowance to grow by 200 euros to 1,430 euros. On the other hand, the rich tax will be levied from 250,000 euros (twice as much for married people) and there will be a new tax rate of 47%.
The Making Condos Safer and Affordable Act aims to expand financing options for critical safety and rehabilitation projects. It was introduced in response to the 2021 collapse of the 12-story Champlain Towers South condominium in Surfside, Florida, which claimed 98 lives. The legislation would widen access to the Federal Housing Administration's 203(k) loan program. It would also expand federal loan insurance available to private lenders and streamline the application process.
Finance Minister Lars Klingbeil (SPD) wants to relieve citizens of taxes of 10 billion euros. The plan is for the tax-free basic allowance to be increased, for child benefit to rise in two steps to 272 euros by 2028 and for the employee allowance to grow by 200 euros to 1,430 euros. On the other hand, the rich tax will be levied from 250,000 euros (twice as much for married people) and there will be a new tax rate of 47%.