Social Housing Fund Objectives Under Law
The Social Housing Fund, in accordance with the law, aims to finance, manage, develop, sell, and rent residential units within social housing programs. Its focus is on supporting low-income and middle-income groups through financing programs and facilitative measures. The objectives include providing prepared land parcels for construction and residential spaces up to 120 square meters for middle-income groups, as well as making land available to the private sector for the development of housing units within the program. It also seeks to support the real estate financing activity by promoting the sale, rental, or ownership of residential units, and by covering part of installment costs to keep them affordable for beneficiaries. Financing tools include risk guarantees against default, enhancing the fund’s resources through revenues from selling government land and created assets, as well as investment income, donations, grants, and loans. This approach aims to achieve social justice by facilitating access to suitable and affordable housing for various segments of society.
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