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Half of Egyptian population can’t benefit from social housing programme: report

: Tuesday, April 15 - 2014 @ 09:57

The Egyptian Initiative for personal Rights (EIPR) has said the eligibility regulations to apply for a residential unit in the social housing programme prevents 50% of the lowest-income Egyptian from qualifying, Daily News Egypt has reported. The EIPR report indicated that the income criteria exclude the income of the low and lowest income categories of Egyptian families. Under the regulations, which were announced in January, owning an apartment requires a maximum family income of EGP40,000 per year and a minimum income of EGP23,040 a year. For renting a residential unit, the family’s maximum income was set at EGP 18,000 a year, which according to the report, exceeds 14% of the expenditure of the Egyptian families who belong to the poorest classes.

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Tuesday, April 15- 2014 @ 9:57 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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