Profile GBV

Österreichischer Verband Gemeinnütziger Bauvereinigungen - Revisionsverband
Bösendorferstrasse 7
A - 1010 WIEN
tel: ( + ) 43 01 505 5824/21
fax: ( + )43 01 505 5824/14

President - Karl Wurm
Chief Executive - Theodor Österreicher
International Relations: Herbert Ludl, Klaus Lugger

Year of foundation: 1946
Members: 191
Dwellings managed for rent (2008): 522.000
New constructions for year (2008): 14.650
Dwellings renovated in 2006: 19.370

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 191 housing providers all over Austria; 99 of the members are constituted as cooperatives the other 91 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 840.000 dwellings. Today they own /manage 522.000 rented dwellings and manage 240.000 owner-occupied dwellings as well as 35.000 dwellings in municipality housing. 45% 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.