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بوابة الفجر
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Most Housing Beneficiaries First-Time Bank Users
The article focused on the efforts of the Social Housing Fund and the Real Estate Finance Support in implementing the "Housing for All Egyptians" initiative launched by the government in 2014, aiming to provide one million housing units for citizens. The initiative successfully increased the number of participating banks from 4 to 31, and the default rate on repayments decreased to about 0.5%. It also targeted various groups, including private sector employees, persons with disabilities, and women, with beneficiaries among women accounting for 24%. The Fund launched initiatives such as the "Green Building" program to provide environmentally friendly units, as well as a subsidized rent program aimed at enabling those unable to own property. Egypt's experience in providing housing is considered one of the most successful models worldwide, emphasizing the importance of supporting affordable housing to achieve financial inclusion. It also highlights the necessity of directing support to the most needy to ensure the sustainability of the program and minimize risks.
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