The Ministry of Housing has unveiled details regarding the reservation of social housing units specifically designed for pensioners. Applications for these units are open from November 26, 2024, to December 25, 2024. Eligible individuals can purchase the conditions booklet and pay the reservation deposit along with administrative fees through designated post offices in cities and governorates where the units are being offered.
Eligibility Criteria for Pensioners
To ensure a fair and streamlined process, specific conditions apply for pensioners:
- Applicants from middle-income groups must not exceed the official retirement age as defined by the Social Insurance and Pensions Law No. 148 of 2019.
- The applicant’s age must align with the loan repayment duration determined by the financial institution’s credit study.
It’s important to note that purchasing the units outright with cash is strictly prohibited. Applicants must commit to the terms of the mortgage system, which includes contractual obligations and installment payments.
Required Documents for Pensioners
To apply for the social housing units, pensioners must submit the following documents:
- Certified Proof of Pension Income: A detailed printout from the social insurance authority verifying the applicant’s pension details.
- Additional Supporting Documents: Further documentation as outlined in the conditions booklet, which applicants can review upon purchase.
Social Housing Financing Model
The social housing initiative follows a mortgage financing system, aimed at making housing more accessible to all applicants, including pensioners. This ensures structured payments over time and aligns with the government’s broader goal of providing affordable and sustainable housing options.
A Step Towards Inclusive Housing
This initiative forms part of the Egyptian government’s ongoing commitment to providing suitable housing for all demographics, including retirees. By offering affordable housing opportunities with structured financing, the Ministry aims to promote social stability and enhance the quality of life for pensioners.
For more details, individuals are encouraged to visit their local post offices, obtain the conditions booklet, and begin the application process within the specified dates.
