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Trillion dinars for the granting of mortgage loans without interest
25/09/2011
Parliament approved the Law Housing Fund
Baghdad morning
Passed the House on the Law of Housing Fund of Iraq to finance housing projects and the empowerment of the citizen to secure adequate housing for it. Confirmed the Chairperson of the Commission services and reconstruction parliamentary Vian intruder at a news conference with members of the committee meeting yesterday that "the importance of the law is to enable citizens to borrow without interest for the construction of dwelling-house for himself and his family, in addition to specialized lending companies for the construction of residential complexes to fill the shortage in housing units across the country. "
Vien said that the committee has worked to increase the capital fund of 300 billion dinars to the trillion dinars in order to benefit the largest possible number of citizens.
Under the law, he will set up a fund called the Housing Fund is linked to the Iraqi Ministry of Construction and Housing is capital trillion dinars capable of increased resolution of the Council of Ministers and the proposal of the Board of Trustees of the Fund.
The fund aims to finance housing projects to enable the Iraqi Kurdistan region, except to build housing for them by granting mortgages and interest-free after contracting with licensed banks in Iraq for the purposes of implementing this law.
The law, according to a copy obtained by the "morning", the conditions for granting the loan covered by it and the duration of the loan, which must be the beneficiary Iraqis have completed eighteen years of age, and has a beneficial piece of residential land on the face of independence or promiscuous cover the value of the loan amount granted to him the condition not be less space for communal land (100) square meters, in addition to providing the beneficiary guarantor guarantor covers half his salary nominal monthly installment amount owed resulting from the borrower.
The law exempted loans to the fund from all taxes and fees.
It is said that the Law Housing Fund remained more than six years without approval.
Other details from a meeting [You must be registered and logged in to see this link.]
25/09/2011
Parliament approved the Law Housing Fund
Baghdad morning
Passed the House on the Law of Housing Fund of Iraq to finance housing projects and the empowerment of the citizen to secure adequate housing for it. Confirmed the Chairperson of the Commission services and reconstruction parliamentary Vian intruder at a news conference with members of the committee meeting yesterday that "the importance of the law is to enable citizens to borrow without interest for the construction of dwelling-house for himself and his family, in addition to specialized lending companies for the construction of residential complexes to fill the shortage in housing units across the country. "
Vien said that the committee has worked to increase the capital fund of 300 billion dinars to the trillion dinars in order to benefit the largest possible number of citizens.
Under the law, he will set up a fund called the Housing Fund is linked to the Iraqi Ministry of Construction and Housing is capital trillion dinars capable of increased resolution of the Council of Ministers and the proposal of the Board of Trustees of the Fund.
The fund aims to finance housing projects to enable the Iraqi Kurdistan region, except to build housing for them by granting mortgages and interest-free after contracting with licensed banks in Iraq for the purposes of implementing this law.
The law, according to a copy obtained by the "morning", the conditions for granting the loan covered by it and the duration of the loan, which must be the beneficiary Iraqis have completed eighteen years of age, and has a beneficial piece of residential land on the face of independence or promiscuous cover the value of the loan amount granted to him the condition not be less space for communal land (100) square meters, in addition to providing the beneficiary guarantor guarantor covers half his salary nominal monthly installment amount owed resulting from the borrower.
The law exempted loans to the fund from all taxes and fees.
It is said that the Law Housing Fund remained more than six years without approval.
Other details from a meeting [You must be registered and logged in to see this link.]
