Housing: Opening the door to reservations of 125 thousand apartments for low and middle income groups



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12:01 pm

Friday 06 November 2020

Books – Muhammad Abdel Nasser:

Dr. Assem Al-Jazzar, Minister of Housing, Public Services and Urban Communities, said that next Monday, November 9 and until Monday, December 12, the door will be opened for the reservation, the purchase of terms and conditions, and the payment of a serious advance reservation for 125 thousand fully finished homes. It is offered by the Fund for Social Housing and Support for Real Estate Financing, for low- and middle-income people, as part of President Abdel Fattah Al-Sisi’s initiative “Housing for all Egyptians”, and will be delivered within a period of 36 months, in several new cities, for all citizens, including those with special needs. The special is only for the last Sunday and continues until the day after tomorrow Sunday.

The Minister of Housing emphasized that with regard to low-income units, the state supports an indirect subsidy estimated at (210: 280 thousand) pounds for each housing unit, and that is the value of (the cost of implementation of public facilities + land use value + financing charges + real estate financing return subsidy), without prejudice to price differences that may arise during implementation, in addition to the fund that provides direct cash support to citizens, which varies between 50 and 60 thousand pounds depending on the income level, and deducted from the unit sale price, and for the middle income units, the state supports an indirect support estimated at (190: 250 thousand EGP) for each housing unit, and that is the value of (usufruct of the land + support for the repayment of the mortgage), in addition to any price difference that may occur during implementation.

May Abdel Hamid, executive director of the Social Housing and Real Estate Financing Support Fund, said that the conditions booklet containing the housing unit reservation form is purchased through any automated post office at the level of all cities and governorates in which housing units are offered, explaining that until now it has been in the first week of reservation, that Intended only for people with special needs, more than 20 thousand leaflets of conditions have been withdrawn.

The general director of the Fund added that two new videos were published on the Fund’s official channels on the social networks Facebook and YouTube, and the first video was about the new offer of social housing for low-income people (https: // youtu. be / uwdYlZ92v58), and the second video about the new unit offering. Average income (https://youtu.be/lG8bQYJYoiE), with complete information.

He explained that for more details and inquiries, please follow the official page of the Social Housing Fund and Real Estate Financial Support on the website “Facebook” through the following link (http://www.facebook.com/shmffeg) and the official page on YouTube through the link. The following: (https://www.youtube.com/shmffeg), as well as the Fund’s website (www.shmff.gov.eg), or by calling the telephone numbers of the Fund’s customer service center at : 5999 or 5777 or 1188 from any mobile phone, and the number 090071117 from any landline from 9 a.m. to 9 p.m. every day of the week, except Friday and Saturday, or by going to any customer service center at city addresses / living place.

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