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Source: بوابة الشروق
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Mihra Abdel Hamid, Chairwoman of the Social Housing Fund and Support for Housing Finance, outlined details of the partnership program with the private sector within the framework of the presidential initiative "Housing for All Egyptians." She explained that the fund has set a price cap for the residential units that contractors can offer, with an expected increase of up to 20% on the unit cost, which is approximately one million pounds. She confirmed that private developers could provide higher finishing specifications, such as elevators, to meet the preferences of certain groups. The units will be financed by banks, with strict conditions to prevent manipulation, especially targeting low-income segments. She pointed out that unit prices might rise due to increased costs, while efforts are underway to increase the number of units available for low-income earners, with an anticipation of price increases in new advertisements.
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