social housing projects
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Government
El-Sisi Mandates Addition of 3,300 Housing Units Nationwide
Wednesday, 16 December 2020
President Abdel-Fattah El-Sisi has mandated the implementation of additional 3,300 housing units nationwide, as part of the “Residence for All Egyptians” national project, and as an extension to the state's "Ahalena" social housing project in the vicinity of Ibrahim El Orabi Axis.
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Government
Official Calls for Swift Work on 936 Low-Income Housing in West Cairo
Wednesday, 25 November 2020
Assistant Vice President of the New Urban Communities Authority (NUCA) Kamal Bhagat has inspected work on 936 low-income social housing units in west Cairo's 800-acre neighborhood, New 6th of October City, calling for a sharp jump in efforts for completion before the scheduled date in September 2021.
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Government
New Cairo Awaits Delivery of 2 Phases of Sakan Misr
Tuesday, 13 October 2020
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has announced that New Cairo will witness the hand over a new batch of the Sakan Misr middle-income project's first and second phases from November 1 to December 30.
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Government
FRA Raises Mortgage Funding Limit to 15%
Sunday, 4 October 2020
The Financial Regulatory Authority (FRA) has signed off on allowing Egypt-based mortgage finance companies to lend up to 15% of their capital base to an individual household, instead of 10% earlier.
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Government
Official Tours Ongoing Social Housing Projects in October Gardens
Sunday, 4 October 2020
New Urban Communities Authority Communities’ (NUCA) Vice President Kamal Bahgat has followed up on the progress of ongoing projects in October Gardens, west Cairo.
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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
SHMFF Launches its Official Facebook Page
Sunday, 17 May 2020
The Social Housing and Mortgage Finance Fund (SHMFF) launches its official Facebook page on May 16, Invest-Gate reports.
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Government
Development Projects Underway in New Mansoura
Monday, 4 May 2020
Head of New Damietta Development Authority Mohamed Ragab followed up on projects being implemented in New Mansoura City
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Government
Sadat City Sees 1,470 Units Completed by 80%: Official
Wednesday, 8 April 2020
The New Urban Communities Authority’s (NUCA) Vice President Kamal Bahgat said that Fardous Compound has seen 80% of its 1,470 social housing units finalized in Sadat City
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