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Preamble :-
It is pioneering
housing project and was initiated by president Hosny Mobarak (1995)
for provision of modern domicile for youth at appropriate prices .This project is known for its architectural models for elevation of
public taste.Maximum elevation is four flours plus basement (100-70-63 M2).
Units allocation :-
This is done according to
accurate and objective standards upon all applications for ensuring
their eligibility.
Phases of
Implementation :-
74433 housing units were constructed along three phases in great number of new cities
all over the country. This started early 1996. All works were finished.
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1- 1st phases
( 100 M2)
Number
of finished units:-
20712, in which four different architectural models were used
in the following cities :
( 10th of Ramadan – Shrouk –
Obour – New Cairo – 15th of May – 6th of October ) .
2- 2nd phases ( 70 M2)
Number of
finished units 34931 , in the following cities :
(Shrouk -
Obour – New Cairo - 6th of October –- Sheikh Zaied–Sadat –New
Banisweif –New Damietta - New Minya ) . These units included 12
models with multipurpose interior designs , making up for small area
. It started 1999 and was fully completed.
3-
third phase (63 M3)
It
includes 18690 units, in which two models were used, in the
following cities:
(10th of Ramadan - Shrouk –
Obour – 6th of October – New Damietta – New Banisweif – New
Minya-New Assuit –Tiba )
It started on May 1998
and is completely finished . .
4-
Fourth phase ( Developed Economic Housing)
This
phase was announced on 5/12/2004 .
10200 housing units are
being issued at (6th of October – New Cairo – New Borg Elarab –Sadat
– Sheikh Zaied - Obour – Shrouk –15th May - New Minya – New Assuit-
New Banisweif –Tiba-New Aswan ) cities .
Areas of such units are 50-57
M2 (including 2 rooms , hall ,kitchen and bathroom) for provision
greater number of subsidized units for youth .
The unit is subsidized by two
or edits ; the first cooperative ( LE15000 ) 5% interest rate – 40
year repayment period whereas the second complementary ( LE 10000 )
, 44 year repayment period ; interest free (total installment of LE
80) .
The flat eligible applicant
may replace it with wider one , provided its hand over to him and
payment transfer to the new unit .
All applications shell be
approved their fulfillment of the advertised condition. .
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