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The government plans to launch a new housing loans early next month
Date: Mon 01/16/2012 6:51
□ Baghdad / term
government plans to launch a new housing loans early next month through the ports, governmental funding, while the number of banks revealed its intention to grant similar loans on concessional terms. The Ministry of Construction and Housing
To early next February will see the launch of loans Housing Fund instructions, new, and in showed that the loans will include all citizens except the citizens of the Kurdistan region, confirmed that the loan that will give will be interest-free and recover within 15 years.
The Minister of Construction and Housing Mohammed Darraji according to a statement issued by the ministry quoted by the agency (Sumerian News): The Help Law Housing Fund established after the meeting of the Board of Trustees of the Fund, which is chaired by the Deputy Ministers of Finance, municipalities, and planning and the secretariat of Baghdad, and general manager of the housing fund, and general manager of real estate registration, indicating that the Fund will begin receiving applications who wish to obtain the loan early February next according to the instructions and the new terms.
He Darraji that the conditions and new regulations require the inclusion of all Iraqi citizens loan except for citizens of the Kurdistan region, noting that "the age of the beneficiary at least 18 years and not more than 65 years."
The Darraji that "the beneficiary must have a piece of residential land on the face of independence or promiscuous cover value of the loan amount covered by it, "pointing out that" that piece must be at least an area of 100 square meters, and not less area of the building where about 65 square meters. "
He Darraji that "the beneficiary also provides guarantees guarantor half of his monthly salary The amount of the monthly premium impact owed by the borrower, "explaining that" the roofs of lending set at 35 million dinars at a higher center of Baghdad province and 30 million dinars, up to a maximum of centers of provinces and districts and areas. "
The Darraji that "the stages of the disbursement of the loan will be on the two routes include the first disbursement of 50% of the amount of the loan after the completion of the roofing and 50% discharged after the completion of the finishes, "noting that" the way in the second includes the disbursement of 30% of the loan amount upon completion of the stage of veal from the construction and 40% upon completion of the beneficiary phase of roofing and 30% When you complete the beneficiary stage finishes. "
The Minister of Construction and Housing that "the loan which would give would be interest-free and recover within 15 years," asserting that "the new law will ensure participation in the financing of investment companies wishing to build housing complexes that do not increase the participation rate of 50% the cost of the project and that the payment is made after the completion rate of 25% of the stages of the project, provided that these projects housing exclusively carried out by companies sober and has a similar work in the construction of residential complexes and that these companies are registered or his representative in Iraq. "
The Fund Housing finance housing projects and enable the Iraqi citizens to build housing for them by granting real estate loans for these purposes, and gives the borrower $ 25 million for the construction of housing units in the province of Baghdad, and 20 million dinars in the provinces, and 18 million for the districts and areas.
The Minister of Construction and Housing Mohammed Darraji In July of last year 2011 in an interview for "Alsumaria News" that Iraq needs to 2.0005 million thousand housing units to solve the housing crisis which, noting that five years is sufficient to resolve the crisis in case the application of the one million housing units by the National Investment Authority created correctly.
and declared the Council of Ministers in 2007 to form a higher committee for the draft National Housing, headed by the Minister of Construction and Housing and the membership of agents of the Minister of Finance, Planning and Municipalities and Public Works and the Under-secretariat of Baghdad, to contain the housing crisis is worsening in Iraq, through the establishment of housing units built perpendicular to the distribution of income average and below average.
acknowledged the Iraqi parliament in October of 2006, the Iraqi investment law, which it was said at the time, it will open the doors wide open to foreign investment, due to introducing a lot of facilities to foreign investors, although the law equated the Iraqi Investor and foreign, in all the privileges, but it did not give the foreign investor the right to own property on the project, and replaced him by giving him the right to lease land for 50 years, renewable in accordance with paragraph 11 of the Investment Law.
The Organization of human settlements "Alhbettat" of the United Nations, in coordination with the National Human Settlements in Iraq, to prepare a study on the need for housing in Iraq, and data collection necessary to be a basis for developing a strategy for housing in Iraq.
It is noteworthy that Iraq is suffering a housing crisis suffocating due to the increasing number of its population, compared to the number of residential complexes, in addition to the inability of citizens with limited income for construction of housing units of its own, because of the high cost of land and construction materials.
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