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Follow - up / Iraq today
announced the Housing Fund, he will give loans to citizens who wish to purchase housing units of investment projects, at a time confirmed the allocation of 850 billion dinars for the Fund for lending to citizens, revealed its demand for the allocation of500 billion dinars annually to finance the lending process.
He said the Ministry of Construction Fund Manager Housing spokesman Bahaa El Din Moustafa , " the Fund has no authority to grant loans to citizens to buy housing units, but the new initiative of the Council of Ministers on the granting of 850 billion dinars by the Central Bank allowed to provide loans for the purchase of residential units in completed and indexed investment projects in the investment Authority as aBasmaja" He added Mustafa " The loan , which will be presented to the citizens for the purchase of these units will be around 50 million dinars, according to thecontrols that came in , " adding , "we are talking about saving three million housing units and the possibility to rise to three million and 500 housing units . " He Mustafa that " the Fund The ministry and the Council of Ministers called for the study of afixed allocation for the Fund of $ 500 billion dinars annually is allocated by thecentral bank, "he said . " this money will be loaned to the citizens who want to build housing units and at the same time it will be reassuring for citizens who buy land and then built later by the fund. " it is noteworthy that Iraq suffers from a severe housing crisis due to the growing number of Iraq 's population , compared with thenumber of residential complexes, in addition to the inability of citizens with limited income from the construction of its own housing units because of the high cost ofland and construction materials.
Housing Fund: We will give loans to those wishing to buy residential units of investment projects
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» Loans for those wishing to purchase residential units