Assem El-Gazzar, Minister for Housing, Public Services and Urban Communities, announced that the Social Housing and Real Estate Finance Support Fund has opened its doors to bookings for fully finished housing units, as part of the ” Housing for All Egyptians 3 “Initiative for low and middle income citizens, in light of the Central Bank initiative. Al-Masry introduced real estate financing at the rate of 3% for a period of 30 years, implemented from July 13, 2021.
The Minister of Housing explained that the new proposal comes in light of very difficult global economic conditions, but the state continues its obligations to provide adequate housing to citizens through fully finished housing units in the various governorates of the Republic, which is clearly evident. in the new proposal, which includes many governorates. .
Mai Abdel Hamid, CEO of the Social Housing and Real Estate Finance Support Fund, indicated that the offer includes units ready for immediate delivery in the following governorates (Luxor, Qalyubia, New Burj Al Arab, Fayoum, New Fayoum, Beheira, Kafr El – Sheikh, Marsa Matrouh, Assiut, Menoufia, Ismailia, Sohag, New Akhmim, Sharkia, Suez, Beni Suef, Gharbia, Damietta, Aswan, Dakahlia, North Sinai, Qena, Minya, New Minya), in addition to housing units delivered within 18 months in cities (New October “west of the airport”). “Jerza Al-Qatouri – Al-Ayat”, Damanhour.
The CEO of the Finance Support Fund for Social Housing and Real Estate added that citizens can purchase the terms of reference, pay the serious booking deposit and administrative fees, through automated post offices in the cities. and in the governorates where housing units are offered, starting from Sunday 25 September 2022, until Saturday 1 October 2022 only for citizens with special needs, and from Sunday 2 October 2022, until Thursday 27 October 2022, for all citizens, including people with special needs.
Mai Abdel Hamid explained that citizens must pay a deposit starting at 10% for low-income units, and starting from 15% for middle-income units, for a period of up to 30 years, at an annual interest rate. decreasing by 3%, according to the detailed terms of the initiative issued by the Central Bank of Egypt on 13 July 2021, adding that the sales prices of the units offered within the new announcement range between 194 and 310 thousand pounds, while the value the severe reserve provider ranges between 15 and 22,000 pounds.
The managing director of the Social Housing and Real Estate Finance Support Fund indicated that the new proposal comes after the approval of the Cabinet of Ministers to increase the categories of maximum monthly income that can be applied to book housing units in the “Housing for All Egyptians “program. Which came to keep pace with the increase in the current rate of wages and prices, and with the aim of allowing them to obtain subsidized housing units, as the upper limit for the low-income bracket has become 6,000 lire per month for a single individual, and £ 8,000 a month for the family, while the maximum for the median income bracket became £ 13,000 a month for the single, and £ 18,000 a month for the family, and the unit selling price is was increased to 1.7 million pounds instead of 1.4 million pounds for fully finished units up to 150 m2, for the average income bracket, it ranges from a minimum of £ 5,000, for an income bracket £ 4,500 net per month, and up to £ 60,000 for income classes below £ 3,000 net per month, provided it is sufficient to provide rate of return support and indirect support for those with a monthly income above 4.50 0 pounds per month, to allow those The target group is to obtain subsidized housing units, for housing units whose selling prices exceed 340 thousand lire / unit, and a maximum cash support of 40 thousand lire for housing units below 340 thousand lire.
Citizens who want more details and requests for information should follow the official page of the Social Housing and Real Estate Finance Support Fund on Facebook through the following link: http://www.facebook.com/shmffeg, and the website official page on YouTube via the link The following: https://www.youtube.com/shmffeg, the official page of the fund via Twitter at the link www.twitter.com/shmffeg, and the official page of the fund via Instagram via the link www. instagram.com/shmffeg, as well as the fund’s website www.shmff.gov.eg, or by communicating via customer service centers, for example by calling the telephone numbers of the Fund’s customer service call center, which includes several numbers: 5999, 5777 or 1188 from any mobile phone, and the number 090071117 from any landline Or by going to any of the customer service centers of the agencies / housing departments in the cities.
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