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12:28 p. M.
Friday 16 October 2020
Books – Muhammad Abdel Nasser:
Dr. Assem Al-Jazzar, Minister of Housing, Public Services and Urban Communities, announced the details of offering 125,000 fully completed housing units for low- and middle-income people, to be delivered within 36 months, in 14 new cities.
He explained that the reservation door, purchase of brochures of conditions and payment of the seriousness of the advance reservation will be made from Sunday 11/1/2020: Sunday 11/11/2020, only for people with special needs, and from Monday 11/11/2020: Monday, December 7, 2020, for all citizens, including those with special needs.
The Minister of Housing stated that offering this large number of housing units for low and middle income people is an implementation of the directives of President Abdel Fattah El-Sisi, to provide a housing unit for every Egyptian citizen, as the ministry works to provide decent housing for all segments of society and to achieve the desire of Egyptians to have their own home.
The minister emphasized that for low-income units, the state supports an indirect support estimated at (210: 280 thousand) pounds for each housing unit, and that is the value of (the cost of implementation of public services + the value of land use + financing charges + mortgage financing return subsidy), in addition to the price differences that may arise during the implementation, in addition to the direct cash support fund to the citizen, ranging between 50 and 60 thousand pounds, according to the level of income, and it is discounted from the sale price of the unit, and for middle-income units, the state supports indirect support estimated at (190: 250 thousand pounds)) for each housing unit, and that is the value of (usufruct of the land + support for the repayment of the mortgage), in addition to the price differences that may arise during the foreclosure.
May Abdel Hamid, executive director of the Fund for Social Housing and Support for Real Estate Financing, said that the conditions booklet that includes the reservation form for the housing unit is purchased through any automated post office at the city level. and governorates in which housing units are offered.
The Fund’s executive director stated that 100,000 fully completed homes are being offered for the low-income social housing project in 10 new cities (Badr “Capital Gardens” – October Gardens – New October “West Airport Area” – May – Ramadan 10 – New Obour City – Sadat – New Minya – New Mallawy – New Aswan). It is prohibited to buy units in cash, and the payment is made through the real estate financing system at a rate of return of 7% per annum (decreasing) for a period of up to 20 years, and the maximum financing fee does not exceed 40% of net monthly income) An annual increase of up to 7%), as it is calculated based on the unit sale price, income and age of the applicant.
May Abdel Hamid indicated that the conditions that applicants must meet to reserve social housing include that the applicant is a natural person of Egyptian nationality, and that their age is not less than 21 years and not older than 50 years on the date of completion of the ad, and the minimum net monthly income is to deal with the system. The mortgage financing is 1500 pounds, and that the applicant is low-income, and his net annual income from all sources of income does not exceed 72 thousand pounds per year for the family (equivalent to 6 thousand pounds per month) and 54 thousand pounds annual for the most expensive (equivalent to 4500 pounds per month), and not The applicant or the family (husband / wife / minor children) has the right to request the reservation of more than one housing unit in the new cities and governorates in a declaration , and that a residential unit or land has not been assigned to the applicant or family (husband / wife / minor children) of any kind in the cities The new governorates or governorates, either in their power or handing them over to others or in association with others, or transferred to the applicant or family by assignment of others, and the applicant or family (husband / wife / minor children) should not have benefited from a cooperative loan or support from the National V Project housing or one of the parties The public that provides support to obtain a housing unit, or an owner or a legal inheritance to it.
He added: It is a condition that the applicant be a resident of the governorate – in which the residential unit to which he is applying is located – or that he resides in it or is associated by work or in one of its new cities or neighboring governorates, always that priority is given to workers or residents of the same governorate, and to those who benefit from a housing unit of Social Housing Units by using them for housing for himself and his family on a regular and permanent basis for a period of 5 years, and It is forbidden to dispose of them or deal with them in any type of behavior or dealings before the lapse of 5 years from the date of receipt or obtaining the approval of the Board of Directors of the Fund, and whoever violates them is sanctioned with a privative penalty of freedom. A term of not less than one year, and a fine of not less than 20 thousand pounds and not more than 100,000 pounds, or one of these two penalties, with a resolution to return the housing unit that benefited from it and the subsidy granted (direct and indirect) and its cost, in a single payment to the fund, in accordance with the provisions of the Housing Law, Financial Support of Social Security and Real Estate No. 93 of 2018 and the decisions of the Board of Directors of the Fund in this regard, knowing that the allocation is made electronically through a random drawing on the computer, and in the event that the number of seizures exceeds the number of units. An oasis in the declared cities, the priority is according to the following order, married and dependent (including: widowers / dependents – divorced / dependents) and priority for the youngest and in the case of the same age, priority is given to the Larger family, then married and priority to the youngest, then to the single and priority to the youngest.
May Abdel Hamid stated that social housing with an area of 75 square meters (two rooms and a hall) are offered with the seriousness of the reserve for them 12.5 thousand pounds, in addition to 350 pounds for administrative expenses (non-refundable), and the amount of a payment for quarterly payments (12 payments). 2,100 pounds, and social housing units with an area of up to 90 square meters (3 bedrooms and a living room) are offered with a serious reserve of 15.5 thousand pounds, plus 350 pounds for administrative expenses (non-refundable or refundable), and the amount of a payment for quarterly payments (12 lots), 2600 pounds, in addition to paying 5% of the total final sales price of the unit for the maintenance deposit, and approximately 85% of the remaining total sales price of the unit it is paid with real estate financing.
Regarding middle-income housing units, May Abdel Hamid said: 25 thousand fully finished housing units are being offered for middle-income people in 10 new cities (Badr “Capital Gardens” – October Gardens – October 6 – 15 May – Tenth of Ramadan – New Alamein – New Minya – Nasser “West Assiut” – New Rashid – New Aswan).
He explained that units with an area of 100 square meters (3 rooms and a hall) are offered for a serious amount of 48 thousand pounds, in addition to 400 pounds for administrative expenses (non-refundable or refundable), and the single payment amount for payments quarterly (12 lots), 10,000 pounds, plus one-area units. 110 square meters (3 bedrooms and a living room) for a serious reserve amount of 51 thousand pounds, in addition to 400 pounds for administrative expenses (non-refundable or refundable), the amount of a payment for quarterly payments (12 lots), 10, 5 thousand pounds, as well as units with an area of 120 square meters (3 bedrooms and a living room) With a serious garnishment amount of 55 thousand pounds, in addition to 400 pounds for administrative expenses (non-refundable or refundable), and the amount of a payment for quarterly payments (12 payments), 11.5 thousand pounds, in addition to paying 5% of the total final sale price of the unit for the maintenance deposit. Paying about 65% of the remaining total unit sales price with real estate financing.
The general manager of the Social Housing and Support Fund for Real Estate Financing indicated that the remaining unit price of the mortgage financing system is paid at an annual interest rate of 8% (decreasing) for a period of up to 20 years in accordance with the terms of the Central Bank initiative for middle income mortgage financing issued in December 2019 and its amendments, and does not exceed The maximum financing fee is 40% of monthly net income (an annual increase of 7%), since It is calculated based on the unit sales price, income and age of the applicant.
Regarding the conditions that applicants must meet to reserve middle-income units, May Abdel Hamid said: The applicant must be a natural person of Egyptian nationality and not under the age of 21 at the end of the advertisement, and the applicant must be of Your average income and your annual net income does not exceed all Your sources of income are around £ 108,000 per year for the family (equivalent to £ 9,000 per month) and £ 84,000 per year for singles (equivalent to £ 7,000 per month). Applicant or family (husband / wife / minor children) does not have the right to request to reserve more than one housing unit in New Cities and Governorates in a single declaration, and that no residential unit or land has been assigned to the applicant or the family (husband / wife / minor children) of any kind in the new cities or governorates, either in their possession or assignment to others, or in association with others, or transferred to the applicant or the family by assignment of another, and neither the applicant nor the family (husband / wife / minor children) have benefited from a cooperative loan or support from the National Housing Project or any of the public authorities that provide support to obtain a housing unit, or the owner of a house or the legal inheritance of the same, or Benefited from Real estate financing initiatives issued by the Central Bank through decisions of its Board of Directors of February 2014 or December 2019 and their amendments s.
The CEO of the Fund added that the allocation is made electronically through a random computerized draw for each role, and in the event that the number of reservists with special needs exceeds 5% of the number of units available in the cities announced, the priority will be according to the following order, married and dependent (including: the widower (AND dependents – divorced and dependent) and the priority is for the youngest, and in the case of the same age, the priority is for the larger family, then married and priority for the youngest, then single and priority for the youngest, and in the case of the increase in the number of detainees without including those with special needs than the number of housing units available Deduction of housing units for people with special needs in the announced cities, a random electronic lottery will be held to arrange reservations.
May Abdel Hamid said: For more details and inquiries, please follow the official page of the Social Housing Fund and Real Estate Financing Support on Facebook via the following link (http://www.facebook.com/shmffeg), and the official page on YouTube through the following link (https://www.youtube.com/shmffeg), as well as the Fund’s website (www.shmff.gov.eg), or by calling the center’s phone numbers Customer service of the Fund at the numbers: 5999, 5777 or 1188 from any mobile phone, and the number 090071117 from any landline from 9:00 to 21:00 every day of the week, except Friday and Saturday, or by going to any customer service center in the city / housing addresses.
