13 Hrs
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بوابة الشروق
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Source: بوابة الشروق
13 Hrsبوابة الشروق
Source: بوابة الشروق
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Ms. Engineer Mai Abdel Hamid, CEO of the Social Housing Fund, concluded that social housing programs primarily rely on a system of ownership. The down payment for the unit is paid over three years, with the remainder financed over 20 years through banks. She confirmed that Law No. 33 of 2014 criminalizes the transfer of residential units through sale or rent to support financing, with penalties including the confiscation of the unit, imprisonment, and fines that can reach 100,000 Egyptian pounds. The aim is to reduce violations and ensure the proper investment of the state's resources in these units.
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