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بوابة الشروق
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Social Housing to Offer 25,000 Units
The Egyptian Ministry of Housing announced the launch of 25,000 new housing units as part of the "Housing for All Egyptians 9" initiative. The units include options under both rental and lease-to-own schemes. Out of the total, 15,000 units are allocated for rent through the Social Housing Fund, while 10,000 units are available for ownership through the New Cities Authority. Beneficiaries can receive a cash support of up to 100,000 Egyptian pounds and benefit from easy installment plans, with an initial down payment starting from 1,500 pounds per month in governorates and 2,000 pounds in new cities. The application is targeted at young people aged 21 to 35 with a monthly income not exceeding 16,000 pounds, on the condition that they do not own a home or have previously benefited from housing support. The initial lease contract duration is three years, renewable. Applications will be accepted from September 20 to October 19 via the "Maskan" portal.
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