
Ministry of Housing secures loans of EGP 3bn for Social Housing Fund
Approximately 150,000 residential units will be built by the end of this year, according to Minister of Housing
Approximately 150,000 residential units will be built by the end of this year, according to Minister of Housing
The ministry has made seven calls for citizens to apply for residential units throughout 2014 and 2015
The Ministry of Housing announced the construction of 4,000 units; 640 units already constructed
Every unit consists of three rooms; one hall, one bathroom and one kitchen, an area of 90 sqm
Represents first time for programme’s units to be issued in Giza governorate, says Madbouly
Draw entry fees are EGP 25,000 as down payment in cash or with accredited banking cheques in any Housing and Development Bank branch
Cost of social housing units does not exceed EGP 135,000, according to Salah Hassan
Allocation for the project in FY 2014/15 state budget amounts to EGP 9.5bn in total
The units will be constructed in 15 different cities and governorates nationwide
The residential units are part of a social housing programme that aims to provide 1 million homes to low-income citizens
Ministry of Housing implementing low-middle income housing projects across Egypt
Government minimum income regulations exclude poorest categories of Egyptians, but include the middle, upper middle and rich classes
Construction of the units, which is part of Egypt’s social housing programme, will be completed within a year, housing minister says