North Coast fees dispute driven by unclear implementation: FEI official    Misr Italia commits EGP 11bn to real estate investments in 2025    Evora Developments launches Pulse project within EGP 30bn investment strategy    Egypt reviews progress on New Delta agricultural project, water efficiency measures    Egyptian pound closes high vs. USD on Sunday – CBE    Egypt advances pharmaceutical expansion plans with ACDIMA    Gaza famine declared as Israeli strikes escalate, world pressure grows    Egypt to host 3rd Global Conference on Population, Health and Human Development in November    Egypt gears up to host Barcelona Convention COP24 on Mediterranean Pollution in December    Uncertainty surrounds potential Putin-Zelenskyy summit as Trump sets two-week deadline    Norway's wealth fund investments in Israel dominate election, could decide government    Egypt, ADIB explore strategic partnership in digital healthcare, investment    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt's FM, Palestinian PM visit Rafah crossing to review Gaza aid    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt to inaugurate Grand Egyptian Museum on 1 November    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Mortgage Finance Fund approves EGP 42bn budget for FY 2021/22
Fund's board approves guideline for complaints and suggestions which will be published on its website
Daily News Egypt Published in Daily News Egypt on 03 - 03 - 2021

The Social Housing and Mortgage Finance Fund (SHMFF), chaired by Minister of Housing, Utilities and Urban Communities Assem El Gazzar, has approved its EGP 42bn draft budget for next fiscal year (FY) 2021/22.
El Gazzar said that the SHMFF has also agreed to allow clients who reserve units within the social housing project to modify the place of their unit from a governorate or a city to another. This is in the case of the housing unit not being available, an inability to build residential units, or a shift in job location.
CEO of SHMFF, May Abdel Hamid, said the decision stipulates that in the event housing units are unavailable, or that housing units cannot be built, requests will be allowed to modify housing unit reservations. This will be applicable to those taking part in the social housing programme for low-income people.
Abdel Hamid added applications to cities in which there are no housing units being constructed will be directed to other cities that have surplus units at the same price, whether within the same governorate, or a neighbouring governorate within a specified period of time.
Clients who do not apply for a change in the city or area can withdraw their down-payments according to the Fund's decision No 11/6/2020, dated 22/12/2020.
She elaborated that in the case of changing workplace, all applications for changing the place of reserved units would be accepted unless the client has already received the assigned housing unit.
In addition to this, the approval of the funding authority is needed to amend the contract in case of contracting, whilst adhering to all conditions and rules of transfer procedures previously approved in this regard. This would be in preparation for presentation to the cabinet.
Abdel Hamid said that the fund's board has also approved the general administration's guideline for complaints and suggestions as well as publishing it on the fund's website.
She added that the guide clarifies and explains all procedures that must be followed to ensure the improvement of services level and achieve satisfaction of the fund's clients.

Clic here to read the story from its source.