Books – Mohamed Abdel Nasser:
Assem Al-Jazzar, Minister of Housing, Utilities and Urban Communities, said that there is a demand from citizens to reserve housing units currently being offered by the Social Housing and Real Estate Finance Support Fund, as part of the initiative of President Abdel Fattah Al-Sisi, President of the Republic, “Housing for all Egyptians 2” for low and middle income, where So far, 110,000 terms of reference have been withdrawn, while 51,000 citizens have paid the deposit advances.
Mai Abdel Hamid, CEO of the Social Housing and Real Estate Finance Support Fund, explained that withdrawing the terms of reference, paying the serious down payment of the housing unit reservation, and administrative expenses, in mechanized post offices in the cities and governorates in which housing units are offered, recording reservation data, and uploading the form and approval attached to the booklet of conditions on the website. The electronic fund of the Social Housing and Real Estate Finance Support Fund continues until Thursday, September 23, noting that there are 33 cities in which the number of bookers exceeds the number of units offered.
Mai Abdel Hamid added that ready-to-deliver units (two rooms and a hall, and three rooms and a hall) with areas ranging between 75 and 90 square meters, are being offered in the cities and centers of the following governorates: (Ismailia, Minya, Sharkia, Sohag, Qena, Alexandria, Menoufia, Kafr El-Sheikh, Aswan, Gharbia, Beheira, Matrouh, Fayoum, Beni Suef, Assiut, New Valley, Luxor, North Sinai, and Damietta), in addition to offering other units within the same advertisement, for middle-income people, in the cities of Shata and Zarqa, Damietta Governorate, with areas ranging from 105 to 114 square meters. The purchase of these units is in accordance with the real estate financing system, and the detailed conditions of the initiative issued by the Central Bank of Egypt on July 13, 2021, where a down payment is made starting from 10% for low-income units, and 15% for middle-income units, then the rest of the unit price is paid in installments, under the mortgage system, for a period of time. Up to 30 years at a return rate of 3% annually, decreasing, explaining that the cities in which the number of bookers exceeds the number of units offered, priorities will be applied, according to the mechanism established by the Presidency of the Council of Ministers.
She added, that fully-finished units (3 rooms and a hall) are also being offered, which are scheduled to be delivered within 36 months, in the following cities: (Badr, Gardens of the Capital, May 15, Hadayek October, October 6, 10th of Ramadan, New Aswan, New Alamein, Minya New, Nasser, New Rashid, New Beni Suef, Hurghada “Al Badari”, and Port Fouad), and the offered housing units range between 100 and 120 m 2, and 12 quarterly payments will be made starting on January 1, 2022, amounting to 25% of the unit price, and the rest will be paid The unit price is a maximum of 65% of its selling price under the real estate financing system for a period of up to 30 years at an annual interest rate of 3%.
Mai Abdel Hamid said: With regard to the income limits from all income sources that will be dealt with, for low- and middle-income clients, for low-income citizens, the maximum annual net income for singles is 54,000 pounds, equivalent to 4,500 pounds per month, and the maximum net The annual income of the family is 72,000 pounds, equivalent to 6,000 pounds per month. As for middle-income citizens, the maximum annual net income for single people is 120,000 pounds, equivalent to 10,000 pounds per month, and 168,000 pounds annually for the family, equivalent to 14,000 pounds per month. The minimum net monthly income for low-income earners is 1,200 pounds, and the minimum net monthly income for middle-income earners is 2,500 pounds.
With regard to the registration mechanism on the fund’s website, the CEO of the Social Housing and Real Estate Finance Support Fund explained that the website (www.shmff.gov.eg) is entered, and you click on “Register” from the top of the main page on the left, fill out the registration form and wait for a text message with a code. Activate, and click on submitting a housing unit application and agreeing to the terms and conditions, and the customer fills in the data shown on the “reservation form” page, and for each of the fields there is a help message that appears if the cursor stops at the mark (?) corresponding to the field address, then the customer attaches the documents Required to create the request, and the user is transferred to the personal page after submitting the request with the following message “Your request has been sent successfully”.
It should be noted that citizens wishing for more details and inquiries should follow the official page of the Social Housing and Real Estate Finance Support Fund on Facebook through the following link (http://www.facebook.com/shmffeg), and the official YouTube page through the link the following (https://www.youtube.com/shmffeg), as well as the fund’s website (www.shmff.gov.eg), or by calling the phone numbers of the fund’s customer service call center at: 5999, 5777 or 1188 From any mobile phone, and 090071117 from any land line from 9 am: 9 pm on all days of the week, except on Fridays and Saturdays, or by going to any of the customer service centers in the cities / housing directorates.
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