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A joint parliamentary meeting to discuss amendments to the Iraqi Housing Fund Law
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[rtl]Baghdad / NINA / The Parliamentary Services and Reconstruction Committee discussed, today, Wednesday, the texts of the first amendment to the Iraqi Housing Fund Law No. 32 of 2011, in the presence of members of the parliamentary legal and financial committees.
The meeting discussed, starting with the amendments to Article 1, which repeals Article 2 of the law and sets out the objectives of the financing fund for housing projects for Iraqi citizens (except for citizens in the governorates of the Kurdistan region), by granting real estate loans for the purposes of construction and purchase in investment residential complexes without interest, as well as Texts that indicate how the Fund and its mechanisms seek to achieve the goals and guarantees to enable government banks to lend to citizens, return mortgages to licensed banks, sell housing units in installments to citizens, contract with banks and take into account the dollar exchange rate, and invest capital to cover the Fund’s administrative and operational expenses and purchase bonds, as well as The validity of the details of the article dealing with writing off uncollectible debts in accordance with the law./End 5[/rtl]
The meeting discussed, starting with the amendments to Article 1, which repeals Article 2 of the law and sets out the objectives of the financing fund for housing projects for Iraqi citizens (except for citizens in the governorates of the Kurdistan region), by granting real estate loans for the purposes of construction and purchase in investment residential complexes without interest, as well as Texts that indicate how the Fund and its mechanisms seek to achieve the goals and guarantees to enable government banks to lend to citizens, return mortgages to licensed banks, sell housing units in installments to citizens, contract with banks and take into account the dollar exchange rate, and invest capital to cover the Fund’s administrative and operational expenses and purchase bonds, as well as The validity of the details of the article dealing with writing off uncollectible debts in accordance with the law./End 5[/rtl]
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