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Social housing beneficiaries restrictions
The Social Housing Policy governs the use of units and lands allocated to beneficiaries, prohibiting any transfer or dealings with them before five years have passed since the approval of the building or the approval of the Fund’s Board of Directors. Beneficiaries are required to use the units as their permanent residence for at least five years, and they must build on and utilize the lands in accordance with the specified conditions. Any transfer or dealings before this period or without approval are forbidden. The law also clarifies that the resources of the Social Housing Fund include a percentage of the proceeds from land and unit sales, in addition to revenues from sales, rent, and donations. The overarching goal is to finance housing projects and support beneficiaries.
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