Tunisie Telegraph: Rent-to-Own as Housing Solution

Tunis currently has a new program called "Rent-to-Own" that aims to make it easier for citizens to acquire homes through monthly installments that eventually lead to ownership, instead of relying on bank financing and the risk of rising prices. The initiative includes reducing land costs by providing land for just a symbolic dinar and establishing an interest-free fund to grant affordable loans, all with the goal of easing the financial burden of installments on citizens. The program is based on the idea that beneficiaries pay rent, which contributes to home ownership once the installments are completed. It primarily targets steady-income earners in both the public and private sectors, supported by a digital platform to ensure transparency and fair distribution of beneficiaries. The plan is to construct approximately 5,000 housing units over five years, but the challenge lies in meeting the increasing demand for housing. The program reflects a social orientation aimed at supporting the middle class and low-income groups, emphasizing the need for rapid implementation and continuous funding to ensure its success.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article