Minister of Construction: near the launch of the housing fund for the construction and renovation lo

[ltr]Minister of Construction: near the launch of the housing fund for the construction and renovation loans[/ltr]

 Since 03/13/2016 15:46 pm (Baghdad time)
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[ltr]BAGHDAD - balances News[/ltr]
[ltr]Said Minister of Construction and Housing, Public and Municipal Tariq Kikhany, Sunday, firing from near the Housing Fund loans for construction and renovation, and the purchase of residential units in Baghdad.[/ltr]
[ltr]The minister said in a statement to his press office received / balances News /, a copy of it, that "the work is underway to regulate the granting of the loan procedures and the amount of" 50 "million dinars after obtaining the Prime Minister authentication to lend to the Housing Fund own mechanisms loans the central bank's five trillion Iraqi dinars "noting that" the distribution of the Fund's loans to the provinces mechanism will be the adoption of a standard population figure "80%", standard degree of poverty, "20%" of each province. "[/ltr]
[ltr]He added, that "the amount of the loan would be for no longer than about" 50 "million dinars paid to the beneficiary in two installments, the interest rate" 2% "After a year grace one of the date of receipt of each batch granted for the purposes of construction, and the addition of construction, grants as well as for those wishing to purchase residential units in complexes investment, it also grants for the reconstruction of housing units because of the devastating terrorist attacks. "[/ltr]
[ltr]The minister stressed that "the distribution of the loan amount on Baghdad and the provinces will be according to population ratios and the degree of injustice, as well as the exchange mechanism of the new lending transactions that have not been receiving any amount of them, as well as transactions that have been a boost exchange or two batches of them, where they will be the conclusion of a contract or a contract with the borrower extension ; for the purpose of dues Exchange under the new mechanism, "noting that" the duration of the lending will be 10 years it is restored monthly installments equal within the period, with an interest rate imposed on the granting of loans, "2%" percentage each year in favor of the central bank, will the housing fund the launch of the website service, direct phone line; for the purpose of the follow-up phases of the completion of the treatment of the borrower loans, will be the introduction through the website of the Fund without any financial payments are met. "[/ltr]
[ltr]And the statement, "The loan is granted for the purpose of construction, or add construction to those who owns a piece of residential land on the face of independence or rumored to him, and not less than earth communal space for" 100 "square meters, and not less construction area of ​​about" 65 "square meters, is granted the loan to build on agricultural and industrial plots of land, as well as grants for those willing to buy residential units in residential investment complexes, or subject to the investment law, which at least net area of ​​about "65" square meters ".[/ltr]
[ltr]The minister said that "the loan will be granted for the re-construction of housing units because of the devastating terrorist attacks, and in order of priority starting with the ceilings of demolished housing units in full." It ended 29/9 P[/ltr]


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