Housing Fund: 29 thousand beneficiaries of the «Central Initiative loans»
[rtl]BAGHDAD / Ahmed Abd Rabbo
lent Housing Fund 29 000 beneficiaries within the central bank 's initiative, while stressing the continuation of receipt of the requests of citizens, he decided to include four residential complexes such investment loans.
He said the fund manager of the Ministry of Construction and general municipal spokesman Bahaa El Din Moustafa , in an exclusive interview »Sabah»: The Fund 's branches in the provinces of the country , continuing lending to citizens for the purpose of building housing units or add building, noting that the number of beneficiaries of the central bank initiative exceeded 29 thousand beneficiaries , as per the loan amounting to the value of 50 million dinars maximum.
The central bank recently announced the launch of an initiative to support lending banks , agricultural, industrial and real estate sectors and housing fund loans worth five trillion dinars.
Mustafa said that the share of housing fund from the central bank lending initiative amounted to 850 billion dinars, but the actual allocation of the Fund amounted to 743 billion dinars, while the rest of the money allocated to the Kurdistan region.
Regarding the possibility of granting a loan to citizens for the purpose of purchasing residential units, said Mustafa that the Fund Law does not allow it, but the lending initiative launched by the central bank gave the right of the citizen to purchase housing units , the requirement to be fully completed, and within the index in the national investment Complex, revealing the possibility of citizens to apply for taking a loan from the Fund for the purchase of housing units within four apartment complexes are hands compound in Baghdad and residential complex Ghadeer in Najaf and complex Doha in Muthana province, in addition to Aureanus City compound 1 in the Khanaqin district of Diyala province, with talks with investors for the inclusion of four other compounds such loans.
And on the premiums of citizens are met mechanism, said fund manager continuous recording higher numbers of borrowers, so be careful to facilitate the collection of these premiums in order to cover other recycled numbers of applicants, indicating that borrowers they can repay the monthly installment in the Fund 's branches scattered across the country. He said the fund select other windows to facilitate the payment of premiums, as the process opened an account at the Rafidain Bank for possible repayment installment in its branches all, as well as the introduction of payment mechanism through cards of (Ki - Card), revealed the existence of ongoing discussions with one of the mobile phone companies to put a mechanism that enables the citizen to pay the premium ' mobile through his personal account.[/rtl]
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