Mai Abdel-Hamid, CEO of the Social Housing and Mortgage Finance Fund, announced that the latest offering under the presidential initiative “Sakan Lil Kol Al-Masryeen 5” continues to experience unprecedented demand from citizens seeking housing units.
Key Statistics Highlighting Demand
- Brochure Purchases: 644,894 citizens have purchased the application booklet.
- Online Registrations: 155,251 individuals have registered on the Fund’s official website.
- Down Payment Submissions: 305,981 citizens have completed the required initial deposit payments.
Abdel-Hamid emphasized that the application booklet is priced at just EGP 300, urging applicants to avoid paying any additional fees under any circumstances.
Importance of Completing Online Registration
The CEO clarified that purchasing the booklet, paying the initial deposit, and administrative fees alone do not constitute a complete application. All applicants must finalize their submission by registering on the Fund’s website. This step ensures their application is processed and reviewed during the subsequent evaluation phase.
She further stressed the importance of completing all requirements before the December 31, 2024, deadline for purchasing booklets, paying deposits, and administrative fees.
This initiative exemplifies Egypt’s commitment to providing affordable housing options for its citizens, aligning with the broader goals of sustainable development and improved living standards.