With the launch of the “Housing for All Egyptians 7” initiative, Mai Abdel Hamid, CEO of the Social Housing and Mortgage Finance Support Fund, revealed a new condition set by the state regarding tenants of subsidized housing units.
This move aligns with a government policy aimed at ensuring that support is directed to the most deserving groups. It highlights the state’s commitment to enhancing social justice and maximizing the benefit of available resources for citizens.
To be eligible for a new subsidized housing unit, tenants must give up their currently rented unit under the old rent system upon receiving the new one. This condition ensures that support reaches those who genuinely need it. Future housing advertisements will prioritize this category in an effort to improve their living conditions, according to statements from Mai Abdel Hamid.
Abdel Hamid affirmed that the fund is developing specialized programs to analyze market needs and redirect subsidies in a way that fulfills national goals. She also encouraged citizens to follow official announcements for application details and emphasized the importance of ongoing engagement to improve living standards for all.
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