Beginning the day after tomorrow, Sunday, and continuing through the end of this month, post offices distribute leaflets titled “Housing for all Egyptians 3” to all citizens outlining the requirements for reserving housing units for low- and middle-income individuals.
The new service is distinguished by the availability of housing units that may be delivered right away, allowing residents to move into their new homes as soon as their processes are finished. There is no pricing difference.
A citizen wishing to apply for a housing unit under the new proposal must meet a number of requirements, according to Mai Abdel Hamid, CEO of the Social Housing and Real Estate Finance Support Fund. These requirements include, for example, that the applicant or the family (husband/wife/minor children) are not entitled to) Applying to reserve more than one housing unit in the new cities and governorates in one advertisement, and that the applicant or the family (husband/wife/minor children) are not entitled to Alternatively, if issued in July 2021, and the applicant or
The applicant or the family (husband/wife/minor children) should not have benefited from a cooperative loan or support, she continued. The applicant or the family (husband/wife/minor children) should not have previously been allocated a residential plot of any kind in new cities or governorates, whether it is in his possession or ceded to others or in partnership with others or transferred to the applicant or the family by waiving from Others.
The applicant must be a resident of the governorate in which the housing unit is being requested, or must be residing there, or must be associated with it for work, or must be in one of its new cities, or must be a resident of one of its neighbouring governorates, provided that priority is given to workers or residents in the same governorate. Mai Abdel Hamid further explained this requirement.
This does not apply to middle-class applicants, and individuals who receive a social housing unit are required to utilise it for dwelling for themselves and their families on a regular and permanent basis for a period of seven years. It is also forbidden for them to sell it or otherwise deal with it.
7 years for low- and middle-income individuals from the date of receipt or obtaining the Board of Directors of the Social Housing and Real Estate Finance Support Fund’s approval. Anyone who violates this rule will be punished with a minimum of one year in prison and a fine that cannot be more than their annual income.
In accordance with the terms of the Social Housing and Real Estate Finance Support Law No. 93 of 2018 and the decisions made by the Fund Board of Directors in this regard, these two penalties as well as the decision to return the usufruct housing unit and the granted subsidy (direct and indirect) and its cost in one lump sum to the Fund.
distributing flyers for “Housing for All Egyptians 3” at post offices the next Sunday
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