The Social Housing and Real Estate Finance Support Fund has made it possible to reserve apartments for all Egyptians, including those with special needs, and to withdraw those reservations beginning today, Sunday, October 2, 2022, and continuing until Thursday, October 27, 2022.
In the full report that follows, “Al-Fajr” explains how to get a brochure of conditions, the most crucial requirements that must be satisfied in order to get a housing unit, the paperwork needed to reserve social housing apartments, and the housing unit provider.
in making a reservation using the internet link that appears
The Ministry of Housing advised citizens interested in bidding to visit their local post office. It also cautioned them against buying the bid documents elsewhere because the ministry does not recognise any booklets sold anywhere other than the designated locations. The cost of the bidding documents is stated to be between $450 and $550.
The following general requirements must be satisfied by the applicant in order to reserve social housing apartments, according to Al-Fajr:
The following are the documents that Al-Fajr is presenting to you in order to reserve social housing apartments under the presidential initiative, housing for all Egyptians 3 for poor and middle income:
A certificate that the employer has approved includes all the fundamental information about the annual and monthly net income in addition to the aforementioned.
In addition to what we’ve already discussed, a certified certificate that includes all the essential information about the annual or monthly net income as well as the employer’s tax identification number and business registration number must be submitted.
The citizen also provides a copy of the commercial register or tax card for owners of professions and commercial and craft operations, as well as a certificate from a qualified public accountant showing the applicant’s occupation and the yearly or monthly net income.
The Ministry of Housing offers three alternative rates to citizens who want to make reservations; the first price is 194,000 pounds, the second price is 207,800 pounds, and the third price is 310,800 pounds. The difference between the costs is due to the date of delivery.
Regarding the third price, a citizen who wishes to reserve a unit must pay 10% for low-income units and 15% for middle-income units, with the option to extend the payment period to 30 years at a declining annual return rate of 3%. Delivery will take place in two areas in the governorates of Giza and Bahr.
Where the citizen is prohibited from selling the housing unit or engaging in any activity involving it prior to the passage of 7 years for low-income and middle-income individuals from the date of receipt, or obtaining the support of the Real Estate Fund Management Council and the approval of the Social Housing Council
Whereas, the Social Housing Law’s requirements and the Fund’s Board of Directors’ decisions in this respect will be subject to Article 93 of 2018’s penalties, which include a minimum of one year in prison, a fine of no less than 20,000 pounds and no more than 100,000 pounds, or a fine of 2,000 pounds.
and the grant of the subsidy (direct and indirect), as well as the cost of it paid in one single sum to the fund.
started today. Here are the specifics that make it possible to reserve “housing for all Egyptians” units:
About Author
