The Social Housing and Mortgage Finance Support Fund has announced details about social housing units ready for immediate handover, specifically targeting low-income families in Minya Governorate.
Unit Details
The available apartments, located in Beni Mazar at the Abu Gurg and Abtouga sites, are priced at 184,000 EGP each and have a 75m² area. Key financial requirements include:
- Down payment: 20,000 EGP as a reservation deposit.
- Monthly income requirement: Minimum of 3,500 EGP.
- Monthly installment: Starting from 897 EGP.
Payment and Support
- Down Payment: At least 20% of the unit price is required at the time of contracting, inclusive of the reservation deposit.
- Direct Subsidy: Ranges between 5,000 and 40,000 EGP, depending on the applicant’s income level. This amount is deducted from the unit’s price.
- Indirect Subsidy: Valued at approximately 395,000 EGP, comprising:
- Mortgage financing interest subsidy: Average value of 335,000 EGP.
- Infrastructure support: 60,000 EGP per unit for public utilities development.
How to Apply
- Purchase the terms and conditions booklet and pay the reservation deposit and administrative fees at designated automated post offices in the relevant governorates.
- Complete the registration and application process on the official website: Social Housing Fund and Mortgage Support Fund.
This initiative provides an excellent opportunity for low-income families to secure affordable housing with generous financial support, ensuring accessible and quality housing options in Minya.