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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The Cabinet Secretariat unveils new instructions for Housing Fund loans

    Rocky
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    • Post n°1

    The Cabinet Secretariat unveils new instructions for Housing Fund loans Empty The Cabinet Secretariat unveils new instructions for Housing Fund loans

    Post by Rocky Wed 25 Jul 2018, 3:20 am

    The Cabinet Secretariat unveils new instructions for Housing Fund loans
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    Follow-up / ... revealed the Secretary-General of the Council of Ministers Mahdi Al-Alak, the issuance of "new instructions" for the initiative of the Housing Fund for lending citizens.
    Al-Alak said in a press statement that "the housing fund initiative included six items, including the inclusion of all Iraqi citizens in the loan, granting the loan for the purpose of construction or completion of construction for those who own a residential plot on the face of independence or commonplace, and not less than the area of ​​common land of 100 square meters The building area is not less than 65 square meters. "
    He added that "the loan is not granted for construction on plots of agricultural and industrial land," stressing that "the new instructions provided for the granting of loans to those wishing to buy residential units in investment residential complexes or subject to the investment law, which has a net area of ​​less than 65 square meters, Demolished housing due to terrorist acts and priority from the housing units with destroyed roofs
    Fully ".
    He explained that "the conditions include that the beneficiary shall provide a guarantor or more of the staff fixed on the permanent owners and to ratify the guaranty from the notary of the Fund, and the sponsor's department undertakes to deduct the value of monthly installments from the sponsor's salary when requested by the Housing Fund officially," pointing out that "The Borrower shall bear administrative service fees at a rate of 1 percent of the loan amount in favor of the Housing Fund taken for one time upon disbursement of the first installment and distributed as incentives to employees
    box".
    "The reason for the issuance of these new instructions regarding the initiative of the Housing Fund, which began in 2016, is the existence of 32 thousand transactions completed by citizens for previous years and were not disbursed to them because of financial conditions and lack of cash in the Fund."
    Prime Minister Haider Abadijah on Sunday boosted the housing fund by 800 billion dinars, which is estimated at about 25 thousand new housing loan, which in turn will provide jobs for citizens and meet their basic needs.


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