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Sakan Lil-Masreyeen 9 Nears Launch
The Ministry of Housing, Utilities, and Urban Communities, along with the Social Housing Fund for Supporting Mortgage Financing, announced a new initiative under "Housing for All Egyptians 9" to enable low- and middle-income individuals to own subsidized housing units. The current offering includes over one million housing units, of which 841,000 are completed and 193,000 are under construction. The total funding exceeds 103 billion Egyptian pounds, complemented by direct financial support of 10.46 billion pounds. The system allows for long-term, low-interest installment payments, with electronic booking steps that include downloading the terms and conditions booklet, paying the down payment, and submitting documents via the official website. The aim is to facilitate access for eligible groups and increase ownership opportunities. It is expected that demand for these units will be widespread, especially given the increased number of beneficiaries from the previous phase, along with the development of digital services for monitoring and ease of access.
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