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[size=36]Housing Fund: The Central Bank's initiative is about to run out, and we are waiting for new sums[/size]
Economy| 10:00 - 04/03/2023
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Baghdad - Mawazine News
The Iraqi Housing Fund of the Ministry of Construction, Housing, Municipalities and Public Works clarified, on Saturday, regarding its loans and borrowing controls, while confirming that the Central Bank's initiative of 5 trillion is about to run out, and the fund is waiting for new sums.
The director of the planning department in the Iraqi Housing Fund, Ahmed Hashim, said, "The budget of the housing fund is for it because it owns capital," pointing out, "Lending is done only through the initiative of the Central Bank of Iraq, and if money is available to the fund, it will lend during the coming period." .
He added, "The Central Bank's initiative began in 2016 in stages, and has exhausted its amount of five trillion, and is awaiting a new initiative or the arrival of an additional amount, as in previous cases, to return to the lending process again."
And regarding the controls for granting loans, he explained, "The controls are that he be an Iraqi national, between the ages of 18 and 65, and he has a plot of land of no less than 100 square meters, and he has a building permit in addition to a guarantee." Ended 29 / H
The Iraqi Housing Fund of the Ministry of Construction, Housing, Municipalities and Public Works clarified, on Saturday, regarding its loans and borrowing controls, while confirming that the Central Bank's initiative of 5 trillion is about to run out, and the fund is waiting for new sums.
The director of the planning department in the Iraqi Housing Fund, Ahmed Hashim, said, "The budget of the housing fund is for it because it owns capital," pointing out, "Lending is done only through the initiative of the Central Bank of Iraq, and if money is available to the fund, it will lend during the coming period." .
He added, "The Central Bank's initiative began in 2016 in stages, and has exhausted its amount of five trillion, and is awaiting a new initiative or the arrival of an additional amount, as in previous cases, to return to the lending process again."
And regarding the controls for granting loans, he explained, "The controls are that he be an Iraqi national, between the ages of 18 and 65, and he has a plot of land of no less than 100 square meters, and he has a building permit in addition to a guarantee." Ended 29 / H
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