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|Economy News / Baghdad …
Examined the Ministry of Construction and Housing and Works and Municipalities, on Wednesday, granting loans to citizens to purchase housing units in investment projects.
The ministry said in a statement: “Economy News” received a copy of it, that “the Undersecretary of the Ministry of Construction and Housing and public municipalities Dara Hassan Rashid chaired a meeting to develop suitable for adoption in lending to citizens registered for residential units for investment projects mechanism”.
Rashid said according to the statement that “the meeting included discussion of the mechanism for applying the Iraqi Housing Fund with the Cabinet decision included the allocation of the Iraqi Central Bank’s 5 trillion dinars to various economic sectors, including the housing to activate it and activate and promote the sector, and therefore to take these sectors active role in building the country and its development.”
He added that he “was talking about the Fund Law and how to obtain the approvals to enable the Fund to lend citizens for the purpose of purchase units under way in investment projects.”
The statement pointed out that “a number of directors general of the Housing Fund and the Department of Housing and specialists in the ministry, attended the meeting, as well as representatives of investment companies.”