Financing
The financing of the master plan will be clarified as the plan is realised.
The local housing association, Brabrand Boligforening, and the City of Aarhus have so far earmarked DKK 62.5 million for the purpose. In addition, the foundation Landsbyggefonden has set aside DKK 349 million in the form of subsidised loans, while the Danish Ministry of Social Affairs has promised DKK 21.1 million to renew the area.
The plan is to raise additional funding in the long term, for example through land sales, private and public foundations as well as private investors.
Thanks to the financial commitments received to date, the work on changing Gellerup and Toveshøj can commence as early as 2013.