Munich is expensive and not everybody can afford the high rents that are paid on the open market. This is where GEWOFAG plays an important role by creating housing for the broad mass of the population. It has been doing this since 1928, and during this period there have always been new challenges to confront. One only has to think of the post-war period and the glaring housing shortages at that time. This has been relieved and GEWOFAG is now able to build high-quality, environmentally friendly housing and invest about 15 million euros every year in repairs and upgrading existing residential areas – and to engage more than ever in its social welfare tasks. We are especially anxious for everybody to feel happy living in housing built or rented out by GEWOFAG. We have already equipped 1,500 apartments for senior citizens, built new playgrounds for children and each residential areas has its own childcare centre. In areas with social problems, tenants have access to social workers and social services.
GEWOFAG manages some 30,000 apartments, most of which it owns. Until 2013 the GEWOFAG is planning to construct another 1,250 apartments.
Die GEWOFAG bewirtschaftet rund 30.000 Wohnungen – die meisten sind Eigentum der Gesellschaft. Bis 2013 wird die GEWOFAG weitere 1.250 Wohnungen errichten.