The head of the Islamic Revolution Housing Foundation stated that a loan of 500 million tomans with a 20-year repayment plan has been allocated for housing construction. He mentioned that the monthly installments for this loan are approximately three million tomans, and in addition, the Housing Foundation will provide non-repayable assistance from the Imam Khomeini Relief Foundation's account 100 to support low-income families in securing housing.
Allocation of Qarz al-Hasna Loans for Rural Housing / Reinforcement of 3 Million Rural Homes
The Islamic Revolution Housing Foundation is providing a 500 million toman loan for rural housing with a 20-year repayment period. This initiative aims to support low-income families by offering both loans and non-repayable assistance for housing construction.
👥 Key Players
📰 What Happened
The Islamic Revolution Housing Foundation has announced a loan program of 500 million tomans to support rural housing construction, aimed at assisting low-income families. This initiative includes both repayable loans and non-repayable financial aid.
- The loan has a 20-year repayment plan with monthly installments of approximately three million tomans.
- Non-repayable assistance will be provided from the Imam Khomeini Relief Foundation's account to further support low-income families.
💡 Why It Matters
📚 Background
Iran faces significant housing shortages, particularly in rural areas, where many families struggle with poverty. Government initiatives like this are aimed at addressing these challenges.
🏷️ Entities Mentioned
Translated from the original and edited for English readers. View original source →
Translation confidence: 85%