In April 1967, Grundejernes Investeringsfond - GI - (The Landowners' Investment Foundation) was founded as a part of the great political housing compromise in Denmark. Since then, GI has been an active part in the improvement and maintenance of the privately owned flats for rent in Denmark.
The effort of GI has changed character over the years. An essential task of GI is still to administer the owners' contributions to maintenance and improvement of housing blocks, which according to the rent legislation have to be placed at GI, until the contribution is to be used. Another task is to carry out compulsory maintenance of housing blocks, where the ordered maintenance is not carried out within a given period of time. Furthermore, GI lends out vast amounts for maintenance and improvement of the housing blocks, affiliated to GI via an account. For the time being, the GI lends out up to 600 mio DKK a year at attractive interest rates for housing blocks worthy of preservation and 4 % for other housing blocks.
GI aims for a high level of quality, both with regard to the craftsmanship, but also with regard to the architectural standards. Therefore, GI offers free architectural aid to the house owners, who are planning large improvement and maintenance projects. The condition to be fullfilled in order to obtain the cheapest loans for housing blocks worthy of preservation, is that in return, the housing block meets certain stipulated quality standards, thus ensuring our cultural heritage and creating good and beautiful houses.
GI spends considerable amounts on research and development work. Thus, during 2014 over 20 mio DKK was spent on various projects in order to develop better or cheaper methods and products, connected to the improvement and modernizing of housing blocks and flats. Among other things, these projects comprise developing of better and cheaper types of windows and bathrooms, new methods of planned, periodical maintenance, developing new lift designs as well as preventing foundation-moisture. The best specialists and practicians and more than 25 various companies and institutions are involved in these projects.
GI has affiliated the “daughter companie” BvB (The Building Damages Foundation related to Building renewal). Both companies participate in upholding GI's mission to create better flats, building blocks and cities in Denmark.BvB renders economical support to improvement of building damages in the urban renewal. In this connection, BvB is carrying through building-technical inspections, respectively 1 and 5 years after the conclusion of the work. On the basis of these inspections, BvB gathers a considerable knowledge as to how to avoid building damages, and this knowledge is publizised to the building parties via seminars and guidelines.www.bvb.dkGI's Board of Directors consists of representatives from the national associations of owners of rental housing blocks and the national tenants' associations. GI is thus a central organ, through which the owners and the tenants together make decisions as to how the conditions of the private rental housing blocks can be improved.