President orders financing for National Housing Movement

President orders financing for National Housing Movement

TEHRAN - The Deputy Minister for Housing and Construction at Iran's Ministry of Transport and Urban Development announced that President Masoud Pezeshkian has directed banks to finance the construction of 400,000 housing units under the National Housing Movement initiative.

Habib Taherkhani made the remarks in a special News Talk program focused on the government’s first Supreme Housing Council, IRIB reported.

The National Housing Movement is one of the major policies of the government in the housing sector, and according to this policy, the construction of four million residential units is planned for four years.

It is one of the projects through which the government is trying to help low-income individuals in society become homeowners.

According to the plan, out of these four million residential units, 3.2 million units will be constructed in cities and 800,000 units in villages.

After the National Housing Action Plan (started in 2018), the National Housing Movement is the government’s second major program to provide affordable housing units for the low-income classes.

The operation for the construction of 209,212 residential units of the National Housing Movement began in February 2022.

EF/MA

source: tehrantimes.com