Profile GBV

Österreichischer Verband Gemeinnütziger Bauvereinigungen - Revisionsverband
Bösendorferstrasse 7
A - 1010 WIEN
tel: ( + ) 43 01 505 5824
fax: ( + )43 01 505 5824/720

President - Karl Wurm
Chief Executive - Mag. Alois Feichtinger
International Relations: Mag.Christian Krainer, Dr. Bernd Rießland

Year of foundation: 1946
Members: 185
Dwellings managed for rent (2016): 642.000
New constructions for year (2016): 15.300
Investment in Building (2013 - 2016): 900 Mio €

The Austrian Federation of Limited-Profit Housing Associations (GBV) functions as compulsory audit organization for its members as well as interest representation body. Its members are 185 housing providers all over Austria; 98 of the members are constituted as cooperatives the other 87 as capital societies with a broad scope of shareholders (public authorities, bodies if interest representation such as unions, private business enterprises). The Limited-Profit Housing Act determines the performance of the Austrian Limited-Profit Housing Associations irrespective of type of organization.

The oldest housing associations have been founded around the turn of the 19th/20th century. Since then the associations have been responsible for the construction of more than 1.000.000 dwellings. Today they own /manage 604.000 rented dwellings and manage 267.000 owner-occupied dwellings as well as 38.000 dwellings in municipality housing. 46% of this stock is run by cooperatives. This stock represents about a fifth of the total Austrian housing stock and about 40 percent of multi-family housing.

The majority of this stock has been financed with assistance of public funds; thus public funding is one of the biggest issues of the Austrian Federation of Limited-Profit Housing Associations. As the responsibility for public funding lies at the nine federal provinces the respective local authorities are one of the most important partners for limited-profit housing in Austria.