Mostafa Madbouly, Minister of Housing, Utilities, and Urban Communities, commissioned officials of the social housing project to quickly setup rental system for residential units especially for governorates that need it the most, reported Al Mal.
Madbouly also commissioned a study to release housing units for income earners between EGP 3500 and EGP 5000, where the social housing units released before are not applicable to them.
“Providing social housing rentals is of utmost importance to people who can not make down payments and pay the installments of the residential units supplied,” added Madbouly. The minister has commissioned 40,000 units to be dedicated for rentals.
The minister stressed the importance of implementing social housing services in parallel with the implementing the units so that they are quickly habitable for the beneficiaries, in addition to providing the necessary transportation.
The government has made strides in the social housing program, where it offered land tenders for social housing purposes and has promised to deliver 150,000 residential units by the end of 2016.