Shura Council criticizes the Ministry of Housing's funding of developers 5% of products to be allocated to low-income households

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<Members of the Shura Council called on the Ministry of Housing to activate the royal order to develop and distribute the plans transferred to it from the Ministry of Municipal and Rural Affairs. The Council criticized the Ministry's financing of real estate developers, directing it to prioritize lending to citizens, considering the financing of developers a deviation from the priorities of the Ministry's main work to enable the citizen to obtain housing, and also called on it to accelerate the delivery of housing products to citizens with an emphasis on removing obstacles to the option of providing direct loans through the activity of the Real Estate Development Fund, in addition to the need to represent citizens in drafting lending contracts that they conclude with banks and financing institutions when applying for mortgage loans.

The Council called on the Ministry to study the reasons for the low rates of completion of its projects. The Council called on the Ministry to study the reasons for the low completion rates of its projects and demand to take the necessary measures to ensure the completion of projects on time, and the speedy establishment and operation of the National Center for Housing Research and Monitoring, and approved a recommendation to expedite the development of mechanisms and measurement models to ensure the readiness, ability and efficiency of the private sector to provide high-quality housing units at an appropriate price.

The Council also approved a recommendation to expedite the development of mechanisms and measurement models to ensure the readiness of the private sector and its ability and efficiency to provide housing units of high quality and an appropriate price. <The Housing and Services Committee proposed to the Shura to allocate a percentage of not less than 5% of the housing projects supervised by the Ministry to low-income families, and with regard to the recommendation that demanded the delivery of housing units allocated to guaranteed families, the Services Committee pointed out that there is an increase in the number of these families and their growth at a rapid pace exceeding 50 thousand people annually, and therefore the committee was keen to develop this recommendation to expedite the Ministry and clarify two roadmaps, one temporal and the other spatial, in coordination with the Ministry of Labor and Social Development. The Shura Committee stressed the importance of the Ministry to exert more efforts in the field of supporting low-income families, and stressed that this has quantitative and qualitative aspects, noting that 891 thousand families are under the social security umbrella, and the Committee considered that the main obstacles in this regard identified by the Ministry by not approving a budget to implement the initiative and program to support citizens unable to pay housing rent, and the Ministry's mechanism to face it, were not the size of the challenge in light of the large numbers of families who benefit from the guarantee.