Egypt’s MFF allocates 320K homes for low income housing – official

Egypt’s Mortgage Finance Fund (MFF) has allocated around 320,000 housing units for low-income citizens since 2015 and till now, announced its chairperson May Abdel Hamid on Monday.

“The social Housing Programme gave a priority to families; 75 percent of beneficiaries are married and have children,” Abdel Hamid said.

In 2014, Egypt launched the Social Housing Programme that aims to provide one million houses to low-income citizens. The Social Housing and Mortgage Finance Fund is the programme’s implementing entity, which was created by the government to plan and supervise the implementation of social housing projects, secure suitable residences for low-income citizens and manage the land used in low and middle-income housing projects.