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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

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    The Housing Fund clarifies the initiative of the Central Bank of Iraq

    Rocky
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    • Post n°1

    The Housing Fund clarifies the initiative of the Central Bank of Iraq Empty The Housing Fund clarifies the initiative of the Central Bank of Iraq

    Post by Rocky Sun 05 Mar 2023, 1:54 pm

    [size=46]The Housing Fund clarifies the initiative of the Central Bank of Iraq[/size]
    Economy
    22:46 - 2023-03-04
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    The Iraqi Housing Fund of the Ministry of Construction, Housing, Municipalities and Public Works clarified, on Saturday, about 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 in a press interview that "the budget of the housing fund is for it because it owns capital," pointing out that "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."
    Regarding the controls for granting loans, he explained, "The controls are that he be of Iraqi nationality and the age of 18 to 65 years, 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."
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