Ki card declares its readiness to organize citizens' loans from the Housing Fund

Ki card declares its readiness to organize citizens' loans from the Housing Fund



27/04/2013 Range Press / Baghdad

The company has shown global smart card (Key Card), on Saturday, their willingness to organize the process of granting and the payment of Housing Fund loans through a system of smart card-mail, with awaiting official from by the Ministry of Housing Construction to proceed with the matter.

The managing director of the company (Key Card) Bahaa Abdel Hadi said in a statement received (Presse term) a copy of it, that "(Key Card) able to provide a system that allows more flexibility repayment and lending rates, for both parties, whether citizen or Housing Fund."

Abdul Hadi said that "the company awaiting official from by the Ministry of Construction and Housing to proceed with the organization of the process and guide citizens how to use it."

The Minister of Construction and Housing Mohammad Darraji said earlier that the housing loans will be distributed and paid through Ki-mail system, describing this step Balhoudaria, while Darraji stressed that the work according to the system in order to reduce the momentum in promoting and ensuring payment transactions.

The housing fund was established under Order No. (11) for the year 2004, with a capital of 300 billion dinars The fund aims to finance housing projects and enable the Iraqi citizens build housing for them by granting mortgages for this purpose.

The Ministry of Construction and Housing, has called on the seventh of January 2013 the current provinces to provide the necessary land to build housing and low cost distributed free of charge to qualified categories, and confirmed that it received international support to support economic housing project.

The Minister of Construction and Housing, Mohammed Darraji, it was announced on the fifth of July 2011, for the Housing Authority National chaired by the ministry develop mechanisms to solve the housing problem in Iraq over the next five years, while between these mechanisms included increased financial allocation to the Ministry of Construction to build complexes additional housing, in addition to encouraging and facilitating foreign investment for the construction of housing units, and to proceed with a project to build condominiums economic, and distributed free of charge to poor families should be allocated two billion dinars, the detector about the need for Iraq to two million and 500 thousand housing units to solve the housing crisis.

Announced the Iraqi Council of Ministers in 2007 for the formation of a higher committee to draft the 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, in order to contain the housing crisis worsening in Iraq, the administration of housing units built perpendicular to be distributed to the owners of middle-income and without average.

It is noteworthy that Iraq is suffering a severe housing crisis due to the increasing population, as measured by the number of residential complexes, in addition to the inability of citizens with limited income for the construction of residential units of its own, because of the high cost of land and construction materials.

[You must be registered and logged in to see this link.][You must be registered and logged in to see this image.]