The National Housing Movement loan increased by 200 million tomans / Which units are included?

The ceiling of the National Housing Movement facility is on the verge of increasing by 200 million tomans; A decision that does not include all residential projects and its benefit depends on certain conditions.

Ambassador Arjan: The ceiling of the National Housing Movement facility is on the verge of increasing by 200 million tomans. A decision that does not include all residential projects and its benefit depends on certain conditions.

The CEO of Maskan Bank announced the bank's readiness to increase the facility ceiling for National Housing Movement projects from 650 to 850 million tomans and announced: Projects with physical progress of more than 65% that have received initial facilities will be subject to this increase.

Ali Khorsandian, the CEO of Maskan Bank, announced that the financial preparations had been made and the instructions for increasing the facilities of the National Housing Movement had been announced to the country's banking network.

He said: According to the rules of the Central Bank, projects that have more than 65% physical progress can benefit from an increase of 200 million tomans in the facility and its ceiling will reach 850 million tomans.

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Referring to the holding of the 26th monitoring meeting of housing support projects, Khorsandian added: the necessary credit for the implementation of this increase has been provided in the housing bank.

He also suggested that large projects with less than 65% progress should be divided into smaller projects if possible to speed up the process of completing residential units.

The CEO of Maskan Bank stated that a contract has been signed with this bank for the construction of 399,000 residential units, stating that more than 200,000 units have been handed over so far.

Referring to the banking obligations in the field of housing, Khorsandian said: 20% of bank facilities were supposed to be allocated to the national housing movement, but some banks did not fulfill this obligation and were subject to tax penalties.

He expressed hope that by reforming financing mechanisms and increasing the participation of banks, the process of implementing housing support projects and completing the remaining units will accelerate.