His Excellency the Minister of Municipal and Rural Affairs and Housing Mr. Majid bin Abdullah Al-Hogail handed over a number of housing units to the beneficiaries of the development housing program in cooperation with Bunyan Charity Association.

Bunyan Charity Association.

This is the first installment of the tripartite ownership agreement that was previously signed between the Ministry of Municipal and Rural Affairs and Housing, the Community Development Housing Corporation and Bunyan Charity Association, which aims to provide 2000 housing units for the neediest families within five years in all regions and cities of the Kingdom, by creating a triple ownership product to provide housing solutions whose cost is shared by three parties, to ensure expansion in serving a larger segment at a lower financial cost.

This is the first installment of the tripartite ownership agreement that was previously signed by the Ministry of Municipal and Rural Affairs and Housing, the Community Development Housing Corporation and Bunyan Charity Association.

This agreement comes with its stages in an effort to achieve the Kingdom's Vision 2030 by creating the necessary environment for the non-profit sector to take the initiative to face challenges and seize opportunities, as the state works with the non-profit sector to provide appropriate housing support for the neediest families of social security beneficiaries and the like, in addition to empowering the non-profit sector to be more effective in the housing sector, to increase its contribution to local output and seek to support developmental housing projects in all regions and governorates of the Kingdom.

It is noteworthy that Bunyan Charitable Society succeeded in providing distinguished housing efforts through which it achieved high numbers, as it contributed to providing 995 housing units for the ownership track, 572 housing financing solutions, 109 housing units in the rent-to-own track, renovating and building 277 housing units, in addition to 829 housing endowments, which contribute to achieving family stability for the beneficiaries of the projects and increasing the ownership rate of citizens and achieving the goals of the Kingdom's vision 2030.