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Housing program details tonight
The 2027 Finance Bill discusses the government's strategy for implementing a housing program that includes the construction of 350,000 housing units, of which 985,000 units are part of the "Aadil 3" program, by the year 2027. This aims to meet the increasing demand for housing in both urban and rural areas. The program features financial facilitation measures, such as a 100% reduction in interest rates on loans granted by public banks during the grace period. It also involves the creation of 140,000 public rental units for low-income families, 25,000 subsidized upgrade units, and 50,000 high-income upgrade housing units. Additionally, there will be 600,000 rural housing units, along with financial support for the construction of social neighborhoods. The goal is to promote sustainable housing development and reduce the rising demand by relying on local construction materials, as part of a plan to increase the total number of housing units to two million between 2025 and 2030.
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