Financial Tribune- The Social Housing Plan will become operational in two months, the deputy for municipal affairs with the Islamic Revolution Housing Foundation said.
“After the notification of its budget, the plan will be implemented in the [Iranian month of] Khordad (May 22-June 21),” Javad Haqshenas also told ILNA.
According to the official, the plan is a subcategory of the government’s Comprehensive Housing Plan that incorporates programs to provide low-income groups with affordable housing. The scheme will cover 3-4 million households. It aims to build 100,000 residential units a year and “24 trillion rials ($640 million) worth of loans have been earmarked to implement it” which will be provided by the Central Bank of Iran at an interest rate of 5%.