Government to launch 15,000 rental units

The Minister of Housing, Engineer Randa Al-Manshawi, announced that the Social Housing Fund and Mortgage Support is prepared to offer 15,000 rental housing units in various governorates and new cities within a month. This initiative comes in response to President Sisi's directives and the government's goal of providing adequate housing. The plan includes approximately 8,464 units in governorates and 3,256 units in new cities, in addition to 3,280 units under the "Decent Life" initiative. The focus is on diversifying housing options to suit different income levels. The rental period extends up to three years, with the possibility of renewal. Applicants must be under 35 years of age and have previously submitted requests for housing units from the government. The application process involves submitting the necessary documents and social reports to ensure eligibility for support. The initiative aims to improve the quality of life for low-income citizens by providing suitable affordable units, with the option to transfer from renting to ownership after one year.

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