Housing Authority to launch 5,000 lease-to-own units
The Egyptian Ministry of Housing announced the launch of approximately 5,000 housing units on a rent-to-own basis in 25 new cities during the month. This initiative aims to expand housing options and diversify ownership mechanisms to suit citizens' social and financial capabilities. The units are ready for delivery, and the allocations will be conducted through a public lottery to ensure transparency, with a dedicated 5% reserved for persons with disabilities. The rental period is 20 years. Applicants must be between 21 and 45 years old, have not previously owned a housing unit, and meet a maximum income limit. The ministry has provided beneficiaries with instructions regarding the allocation and contracting procedures.
Notice: This Is an AI-Generated Summary
Comments (0)