“Housing” announces the largest offering of social and medium housing units in 25 governorates

Assem El-Gazzar, Minister of Housing, Utilities and Urban Communities, announced that the Social Housing and Real Estate Finance Support Fund has opened the door for reservations for fully-finished housing units, as part of President Abdel Fattah El-Sisi’s “Housing for All Egyptians 3” initiative for low- and middle-income citizens, in light of the Central Bank’s initiative. Al-Masry has introduced real estate financing at a 3% interest rate for a period of 30 years, which has been implemented since 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 for 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 offering includes units ready for immediate delivery in the following governorates and cities (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 Social Housing and Real Estate Finance Support Fund added that citizens can purchase the terms of reference, pay the serious reservation advance, and administrative expenses, through automated post offices in the cities and governorates in which housing units are offered, as of Sunday, September 25, 2022, until Saturday, October 1. 2022 for citizens with special needs only, and from Sunday, October 2, 2022, until Thursday, October 27, 2022, for all citizens, including people with special needs.

Mai Abdel Hamid explained that citizens must pay a down payment starting from 10% for low-income units, and starting from 15% for middle-income units, for a period of up to 30 years, at a decreasing annual interest rate of 3%, according to the detailed terms of the initiative issued by the Central Bank of Egypt on July 13, 2021, adding that the selling prices of the units offered within the new advertisement range between 194 and 310 thousand pounds, while the value of the serious reservation provider ranges between 15 and 22 thousand pounds.

The CEO of the Social Housing and Real Estate Finance Support Fund indicated that the new proposal comes after the approval of the Council of Ministers to increase the maximum monthly income categories that are allowed to apply to reserve 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 enabling them to obtain subsidized housing units, as the maximum limit for the low-income category became 6000 pounds per month for a single individual, and 8000 pounds per month for the family, while the maximum for the middle-income category became 13,000 pounds per month for the single individual, And 18,000 pounds per month for the family, and the unit sale price was raised to 1.7 million pounds instead of 1.4 million pounds for fully-finished units with an area of ​​up to 150 square meters, for the middle-income category. It ranges from a minimum of 5,000 pounds, for an income category of 4,500 pounds net per month, and up to 60,000 pounds for income categories below 3,000 net pounds per month, provided that it is sufficient to provide return rate support and indirect support for those with a monthly income higher than 4,500 pounds per month, to enable those The target group is to obtain subsidized housing units, for housing units whose selling prices exceed 340 thousand pounds / unit, and a maximum of 40 thousand pounds cash support for housing units less than 340 thousand pounds.

It should be noted that citizens wishing for more details and inquiries, 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 official page on YouTube through the link The following: https://www.youtube.com/shmffeg, the fund’s official page via Twitter via the link www.twitter.com/shmffeg, and the fund’s official page via Instagram via the link www.instagram.com/shmffeg, as well as the fund’s website www.shmff.gov.eg, or by communicating through customer service centers, such as calling the phone 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 land line Or by going to any of the customer service centers in the cities’ agencies / housing directorates.

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