The “Sakani” program called on beneficiaries whose income exceeds 14 thousand riyals to visit the “Support Calculator” on the program's website to review the new update, against the background of the amendment made by the program regarding mortgage financing on the calculator for the beneficiaries of the Ministry and the Real Estate Development Fund.
<The program confirmed in a statement today that it started working with the new mechanism for housing support after its approval to include the largest category of beneficiaries of the Ministry of Housing and the Real Estate Development Fund. Indicating that those who previously obtained subsidized mortgages with a percentage less than 100% during the past period will be compensated based on the current matrix and rescheduling the support amounts based on the new support ratio.
<He explained that the new amendment will raise the monthly support ratio for beneficiaries with a monthly income of more than 14,000 riyals gradually at a rate of 5% for every thousand riyals increase in salary instead of reducing the support directly from 100% to 35% as applied in the current support matrix. He indicated that the aim of this amendment is to improve the support matrix in an effort to deliver housing support to the largest number of beneficiaries of the Ministry of Housing and the Real Estate Development Fund to achieve one of the objectives of the housing program to raise the ownership rate to 70% by 2030.
<The program indicated that there was no change in the upper limit of subsidized financing by 100%, where 14 thousand riyals was adopted as the upper limit of monthly income, while the minimum support limit of 35% remained unchanged, in addition to the continuation of work on the current scale that depends on the number of family members and income. He stated that the new support matrix was applied to the beneficiaries of the Ministry of Housing and the Real Estate Development Fund. He pointed out that former beneficiaries who received subsidized housing financing with a percentage less than 100% will be compensated based on the current matrix, as they will be compensated and rescheduled support amounts based on the new support ratio. Calling on everyone to learn about the new support ratio by visiting the website of the “Saskani“ program.
Selected real estate news links from News Issue 174:
القرض العقاري – التمويل العقاري – عقارات – عقود أيجار – التمويل العقاري
cleared the confusion on which the judicial rulings were based.
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Registered more than 7000 establishments.
HRDF's appreciable efforts for SME entrepreneurship
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السوق العقارية تسجل تراجعاً في إجمالي قيمة صفقاتها بنسبة 14%
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UK house prices rise in May (edit)">UK house prices rise in May
Jude Housing platform reveals support for more than 219 beneficiaries in the 'Rent Support' track
