Financial Tribune - Being married, having no record of using governmental financial facilities for purchasing home and having lived in the city where applications have been submitted are three eligibility requirements for the National Housing Initiative loan

Registration for government-sponsored "National Housing Initiative", aimed at supplying a total of 400,000 affordable homes, will begin on Nov. 6 in 10 provinces across the country, Minister of Roads and Urban Development Mohammad Eslami announced.

Since the construction of 180,000 residential units has already begun, the ministry will conduct province-by-province registration of eligible applicants.

Having been piloted in Kerman Province to gauge the market response, the initial phase of the registration process will start in Qom, Hamedan, Sistan-Baluchestan, Ardabil and Zanjan and continue in other Iranian provinces, IRNA reported.

“Being married, having no record of using governmental financial facilities for purchasing a house and having lived in the city where applications for the affordable housing program are being submitted are three eligibility requirements for the National Housing Initiative,” he said.

Managing Director of Bank Maskan, the agent bank of Iran's housing sector, Abolqasem Rahimi Anaraki, says those who have applied for home loans under the Housing Savings Account scheme with Bank Maskan will have priority over other applicants when it comes to enjoying facilities available through the National Housing Initiative.