Dr. Assem Al-Gazzar, Minister of Housing, Utilities and Urban Communities, chaired the meeting of the Board of Directors of the Social Housing Fund and Real Estate Finance Support, where the executive position of housing units for low and middle-income people was reviewed, which was and is being implemented within the initiative of President Abdel Fattah El-Sisi, President of the Republic, “Housing for All Egyptians.” ", as well as reviewing performance indicators.

 

Dr. Assem Al-Gazzar explained that one million housing units have been implemented and are being implemented within the presidential initiative “Housing for All Egyptians” - low-income axis, and 55.5 thousand housing units are being implemented and assigned within the green housing program in the cities of (New Obour - 10th of Ramadan - Capital Gardens - New Aswan). - New October - New Obour - 10th of Ramadan - Badr - May 15), in addition to 28 thousand housing units that have been and are being implemented in new cities and governorates within the presidential initiative “Housing for All Egyptians” - middle-income axis. Mai Abdel Hamid, CEO of the Housing Fund, reviewed Social support and real estate financing support, the financial position for implementing the units of the presidential initiative “Housing for All Egyptians,” and the position of the files of citizens applying to reserve housing units, explaining that so far 17 advertisements have been put forward since June 1, 2014, with 1.6 million citizens applying to reserve them, and the volume of financing reached The real estate granted to beneficiaries so far is about 70 billion pounds, through 22 banks and 8 companies, and the cash support is 9.5 billion pounds.

 

The CEO of the Social Housing and Real Estate Finance Support Fund also reviewed the performance indicators, as the average cash support granted to one client reached 16.5 thousand pounds, the average real estate financing for one client reached 123 thousand pounds, the average financing percentage of the housing unit price was 67%, and the average duration. Real estate financing, 19 years, the average age of the beneficiary clients, 40 years, and the average monthly income of the beneficiary clients, 2,450 pounds. The percentage of male beneficiaries was 76%, 24% of females, 48% from the private sector, 22% from the liberal professions, and from the private sector. 29% of government employees, 1% of pensioners, 56% of married people with dependents, 16% of married people, 22% of single people, 2% of widowers, and 4% of divorced people.