Officials underestimate the feasibility of investing in addressing the housing crisis

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[size=52]Officials underestimate the feasibility of investing in addressing the housing crisis[/size]

[size=45]Babylon / Jalil Al-Ghazi[/size]
[size=45]Three thousand housing units were implemented in Babylon through investment ten years ago, 2,000 of them were inhabited in the Abu Gharq district, east of the city of Hilla, but this number of housing units did not contribute to solving the housing crisis in the governorate, even if by a small percentage due to the high prices of these units that cannot be Low income earners have to buy it as well as complicated banking routines.[/size]
[size=45]The director of Abi Gharq district, Mustafa Al-Fatlawi, confirmed in a statement to (Al-Mada), that “in the district of Abi Gharq, the citizen did not benefit from the implemented housing units because of the prices, which a simple citizen or an employee of a middle-income cannot apply for purchase at a time when the government must ridicule Investing in housing to support the poor.[/size]
[size=45]He pointed out that "the majority of those who suffer from the housing crisis are from the poor class, and it was the government's first to take the initiative to grant investment licenses to subsidized (low-cost) housing projects so that people with limited income can benefit from them," noting that "the investment law in its current status serves The investor is more than serving the community in terms of the financial privileges that the investor obtains, such as tax and customs exemptions and other administrative facilities.”[/size]
[size=45]Meanwhile, the head of the Investment Authority in Babylon, Muhammad Zakum, confirmed to (Al-Mada), that “the investment opportunities implemented in the field of housing have been fully marketed, which means that they have contributed, even if a small thing, to addressing the housing crisis, and that many employees were able to purchase housing units.” And in installments over 15 years.”[/size]
[size=45]He pointed out that "the authority has a tendency to announce many investment opportunities in the field of housing, but this trend collides with the lack of land necessary for the implementation of investment projects due to the lack of cooperation of the concerned authorities such as the municipality, agriculture and finance," stressing that "in the event that real estate is available, investment opportunities are available, especially since Many companies have a desire to obtain investment opportunities in the province.”[/size]
[size=45]For his part, the Director of Planning for Babel Khaled Al-Salihi confirmed to (Al-Mada), that "the governorate needs 120 thousand housing units, according to the population census of the province of Babil and based on the plan prepared by the Planning Directorate that these units are subsidized prices in light of the high rate of poverty in the province."[/size]
[size=45]He added that "the need is constantly increasing in light of the population growth of the governorate, which is expected, according to the data, to reach 250 thousand housing units by 2030."[/size]
[size=45]Al-Salihi downplayed “the importance of the government continuing to distribute plots of land to segments of society, as it is useless, and the government is unable to provide the necessary services for any newly established area.”[/size]
[size=45]And he indicated that "the solution to the housing crisis lies in allocating tracts of land and declaring them as investment opportunities for the establishment of housing complexes with certain specifications commensurate with the standard of living of all members of society in the governorate."[/size]
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