Modify the amount of housing loans in accordance with the requirements of the construction market

Modify the amount of housing loans in accordance with the requirements of the construction market


3/13/2014 0:00

The center of efforts to increase Akiemha plans according to the Ministry of Construction
Baghdad Farah pumice
In order to address the housing crisis in Baghdad and the provinces, an economic expert called for the need to study and modify loans Housing Fund allocations are realistic and scientific, consistent with the rise seen by the market of construction materials recently.
This comes after the submission of the Ministry of Construction and Housing proposals for adoption at the ministry's plans for the coming year 2015 is to raise the value of the housing loan fund for the current amount and coverage of own a piece of land area of less than a hundred square meters.
Rising prices
Economic expert on behalf of Jamil Antoine believes that the Housing Fund loans do not meet the needs of citizens in the construction of residential units integrated, especially since the construction materials market is witnessing a rise in prices, as well as inflation.
He stressed Antoine in his "morning" on the need to address the housing crisis in a realistic way, especially as the population density increases annually up to a million people, it is necessary to provide up to 180 000 housing units, as well as the need for overall score up to 3 million units, what confirms that the country is in crisis and housing must be addressed and quick solutions.
Soft loans
He said granting housing loans need the efforts of self, including increased allocations by creating housing units horizontal in certain areas by the citizen, as well as the adoption of the government set up units vertical through investment, with the support of the private sector and to facilitate his access to soft loans for the formation of investment companies of housing to meet the needs in this area.
It is said that the Minister of Construction and Housing Eng Mohammed Darraji said in an earlier statement (morning): "The ministry is preparing new proposals for housing fund within the budget next year, to include a larger number of citizens IMF loans, which increase the loan ceiling from 35 million to 50 million dinars, and lifting the requirement space to be less than 100 square meters to give the opportunity to the largest possible number of citizens to benefit from the loans. "
The objectives of the strategy
He urged Antoine to increase allocations Housing Fund and to support development in the general budget, especially that of Article 30 of the Constitution guarantees the provision of adequate housing for citizens, and employment, culture, health and other so as to achieve the objectives of the strategy, in line with the change in the country, stressing the importance of study and adjusted best to resolve the housing problem in a scientific and realistic. Article 30 of the Constitution reads as follows: "First: The State shall guarantee for the individual and the family, especially children and women, social security, health, and basic requirements for living in a free and dignified life, provide them with suitable income and appropriate housing, Second: The State shall guarantee social and health security Iraqis in cases of old age, illness or incapacity for work or homelessness, orphanhood, unemployment, and work to protect them from ignorance, fear and poverty, and provide them with housing and special programs of care and rehabilitation. " According to the director general of the Housing Fund Burhanuddin Al-Bassam in an earlier statement, the average daily exchange fund for loans up to one billion and 500 million dinars, an average of 45 billion dinars a month.

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