Benefits of housing support

Abdulaziz Alissa

<The updated Housing Support Program is one of the solutions provided to facilitate home ownership for the beneficiary, by providing non-refundable financial support according to the approved product matrix.
The program has provided various benefits and more options of financing and housing solutions that suit the different segments of beneficiaries and help them to own the appropriate housing with easy and easy procedures.
The updated program provides many benefits to beneficiaries, including a financing period of up to 25 years, the possibility of obtaining full or partial in-kind support, enabling ownership for the beneficiary through tranches that match the monthly support with the beneficiary's income, and the possibility of debt transfer and rescheduling of the loan.
It also offers other benefits such as the possibility of applying the guarantees and soft mortgage program to the program, and exempting and dropping the beneficiary according to the financing entity's policy in the event of death or total disability. The launch of this program confirms the continuity of the support provided by <a style="color: #800000;" href="https://amlak.net. "Sakani“ to help and empower families to obtain ownership of suitable housing, through programs and enablers that achieve efficiency and effectiveness of the housing support provided to the beneficiaries most in need of ownership, and enhance their chances of owning suitable housing, in accordance with their actual needs and financing capabilities to facilitate their journey to own their homes in easy and facilitated procedures.

This comes as an extension of the policies of ”Sakani“ aimed at increasing the rate of ownership, as the program succeeded in serving more than 1.4 million families by the end of 2022, and reaching the target of residential ownership to more than 60% in 2020, in partnership with the housing system and the financing authorities from banks, financing institutions and real estate developers.
The implementation of this program is sure to contribute to reducing the number of enforcement cases against those who fail to pay the value of the rent when due and are registered in the unified residential lease contract, as many families tend to benefit from the updated housing support program to own the appropriate housing for them.