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NAJAF - Iraqi policy makers are striving to draft a bill for the creation of a real estate board to make it easier for members of the public to build their own houses.
Member of the acting Economic Committee Abdul-Hussein Abtan said it is hoped that the bill and the board will allow for the construction of thousands of residential units annually. He added that the bill will be handed to the presidency of the House of Representatives late March.
Abtan criticized the decision of the government to use investments both as a way to construct residential communities and as the solution to the housing crisis.
He said the government "should give loans... so that the poor and those with low incomes can obtain a house to shelter their families."
The news follows the announcement from the Ministry of Construction and Housing on February 1 that is had halted its low-cost housing project due to a lack of land allocated and non-payment of the ministry's budget for the current year.
The ministry has demanded 1,300tr IQD ($1.1tr) from the 2012 budget, which is yet to be ratified due to disputes. The ministry started its cheap housing project on January 5 after receiving 2,300bn IQD ($2bn) from the budget.
The ministry has indicated the need to construct 250,000 housing units annually, while the budget it has called for is sufficient for only 3,000 units.
Reports prepared by non-governmental organizations and international companies suggest it will take Iraq 20 years to overcome its housing crisis.
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Member of the acting Economic Committee Abdul-Hussein Abtan said it is hoped that the bill and the board will allow for the construction of thousands of residential units annually. He added that the bill will be handed to the presidency of the House of Representatives late March.
Abtan criticized the decision of the government to use investments both as a way to construct residential communities and as the solution to the housing crisis.
He said the government "should give loans... so that the poor and those with low incomes can obtain a house to shelter their families."
The news follows the announcement from the Ministry of Construction and Housing on February 1 that is had halted its low-cost housing project due to a lack of land allocated and non-payment of the ministry's budget for the current year.
The ministry has demanded 1,300tr IQD ($1.1tr) from the 2012 budget, which is yet to be ratified due to disputes. The ministry started its cheap housing project on January 5 after receiving 2,300bn IQD ($2bn) from the budget.
The ministry has indicated the need to construct 250,000 housing units annually, while the budget it has called for is sufficient for only 3,000 units.
Reports prepared by non-governmental organizations and international companies suggest it will take Iraq 20 years to overcome its housing crisis.
[You must be registered and logged in to see this link.]
