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Social Housing Units at 1500 Pounds Monthly
Engineer Mai Abdel Hamid, CEO of the Social Housing Fund, announced the launch of rental units starting next month in new cities including New October, Matrouh, Aswan, Luxor, and Ismailia, as part of a plan to provide housing for those unable to own property. The rent will range between 1,500 and 2,000 Egyptian pounds per month, with contracts lasting three years and renewable, with the possibility of converting to ownership later. The program targets young couples under 35 years of age, provided they do not own any previous housing and have a maximum income of 12,000 pounds. This initiative aligns with the president's directives to offer temporary housing for the targeted segments and support them amidst economic challenges, with reservation processes facilitated through the "Egypt Digital" platform.
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