Social Housing and Mortgage Finance Fund
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Government
SHMFF Attempts to Automate its Real Estate Financing Services
Tuesday, 8 December 2020
The Social Housing and Mortgage Finance Fund (SHMFF) has signed a cooperation protocol with the Ministry of Communications and Information Technology to automate its services, in a move aimed at developing a digital real estate financing system.
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Government
125,000 fully finished Units See Tremendous Demand: Al-Gazzar
Monday, 16 November 2020
Assem Al-Gazzar, Minister of Housing, Utilities and Urban Communities, has stated that there is a tremendous demand on reserving the 125,000 fully finished housing units, Invest-gate reports.
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Government
SHMFF Agrees to Offer 125,000 Housing Units Across Egypt
Thursday, 17 September 2020
The Board of Directors of the Social Housing and Mortgage Finance Fund (SHMFF) has approved the offering of 125,000 residential units (100,000 social housing and 25,000 middle-income housing units), as part of phase I of President Abdel-Fattah El-Sisi's initiative to provide homes for all citizens.
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Government
Cabinet Nods USD 500 mn World Bank Housing Facility Extension
Wednesday, 29 July 2020
Egypt's Cabinet has ratified a USD 500 mn (EGP 8 bn) extension to a World Bank (WB) facility, as part of a program to improve access to low-income housing and bolster the state’s Social Housing and Mortgage Finance Fund (SHMFF).
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Government
Gov’t Offers 768 Social Housing Units for COVID-19 Care
Wednesday, 17 June 2020
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has mandated the provision of 768 social housing units in Minya and Fayoum as temporary isolation housing or wards for Coronavirus patients.
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Government
Egypt’s Social Housing Program Costs EGP 243 bn: Minister
Wednesday, 13 May 2020
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said a total of EGP 243 bn is required to implement Egypt's Social Housing Program, which involves the establishment of 1 mn units.
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Government
Gov’t Extends Deadline for Applicants of Units in New Cities
Thursday, 27 February 2020
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar announced a two-month extension period for applicants who applied for the residential units previously provided in a number of new cities to complete or update the required data
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Land
Gov’t Extends 4 Public Lands in Hurghada to SHMFF
Tuesday, 14 January 2020
Prime Minister Mostafa Madbouly has mandated the free allocation of four public lands in the Red Sea resort of Hurghada to the Social Housing and Mortgage Finance Fund (SHMFF).
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Government
Works Ongoing on 32,863 Units in 7 Cities: SHMFF CEO
Thursday, 2 January 2020
CEO of Social Housing and Mortgage Finance Fund (SHMFF) Mai Abdel Hamid said that a total of 360 units have been finalized, while work is still in progress on 32,863 units in seven governorates cross country
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Government
Nasser City Secures EGP 7 bn Investments in 18M: Minister
Tuesday, 10 December 2019
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said the volume of investments pumped into west Assiut's Nasser City has reached EGP 7 bn during the last 18 months only,
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