Reconciliation Period for Building Violations Extended Another Month
Egypt's Cabinet has issued a decree to extend the deadline to receive reconciliation requests for building violations for another month, to end next November.
World Bank Contribute USD 1.3 bn to Housing Ministry Projects
The Egyptian housing ministry has confirmed that the World Bank (WB) contributions to the first phase of the state's social housing project and the first phase of the sustainable sanitation program stand at USD 50 ...
Housing Ministry Finalizes Sorting of Applicants for Social Housing Units
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has revealed that the initial sorting of applications from citizens for the tenth announcement of units provided through the state's social hou ...
Gov’t Targets Doubling Egypt’s Habitable Areas: Minister
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said the state aims to increase Egypt's inhabited land to 12-14%, as only 6-7% of the country's total land area is currently habitable, in orde ...
CBE Sets New Measures for Mortgage Finance Initiative
The Central Bank of Egypt (CBE) has put in place new policies and measures on the bank's mortgage finance initiative and its subsequent amendments, limiting it to financing low-income citizens only.
Madbouly, World Bank Discuss USD 500 mn Social Housing Loan
Prime Minister and Minister of Housing, Utilities, and Urban Development Mostafa Madbouly met a World Bank delegation on October 26 to discuss providing USD 500 mn loan he had requested from the bank in July to su ...
Gov’t Approves New Social Housing Fund’s Operating Procedures
The board of directors of the Social Housing and Mortgage Finance Fund has approved the fund's operating procedures manual, targeting to provide low-income citizens with real estate financing at a low interest rat ...
Social Housing Fund Approves Decisions in Favor of Low-Income Classes
The Social Housing Fund has approved a number of important decisions in favor of the low-income classes, residents of informal settlements, and trade unions' members
Social Housing Fund to Receive Rent Payments Electronically
The Social Housing Fund is to collaborate with the Housing & Development Bank to receive rent payments of residential units owned by the fund electronically, reported Invest-Gate.
