Housing Institution work pace slows with new loans paused

The article concerns the efforts of the Lebanese Housing Foundation in addressing the backlog of housing loan applications. It has completed 35,000 transactions out of 85,000 files that had accumulated due to successive crises since 2020, while continuing to process files from 2023 despite challenges related to staff shortages. The foundation aims to resolve the issue of job vacancies through new appointments, and laws are being proposed to ease the burden, such as paying a lump sum determined by the government in exchange for an immediate clearance. The foundation has linked the stability of its work clearly to the overall economic situation in the country, emphasizing that accepting new applications is contingent upon the restoration of political and security stability.

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