Development Housing Program signs two agreements to provide suitable housing for the neediest families

Development Housing Program signed two tripartite agreements with the Community Development Housing Foundation “Sakan” and ”Al Shakerin Endowments for Community Service”, with the aim of providing housing for the neediest families covered by the rules of development housing, as well as housing subsidy recipients who do not qualify for mortgage financing, under the patronage of H.E. Minister of Municipal and Rural Affairs and Housing Mr. Majid bin Abdullah Al Haqeel.

<According to the agreements, the Development Housing Program will provide the necessary data on the beneficiaries and their needs and distribute them to cities and governorates, and Sakan will and complete the procedures for handing over the units to the beneficiaries, while “Al Shakerin Endowments, Malhi bin Salama bin Saeedan and Brothers for Community Service” will implement or purchase the units according to the approved technical specifications and conditions and contribute to the field study of the beneficiaries nominated for ownership.

This agreement comes in line with the endeavor to provide the necessary data about the beneficiaries and their needs and distribute them in the cities and governorates, and Sakan Foundation. This agreement comes 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 Ministry works with the non-profit sector to provide appropriate housing support for the neediest families of social security beneficiaries and their equivalents, 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.

The non-profit sector is also responsible for the implementation or purchase of units in accordance with the approved technical specifications and conditions and contribute to the field study of the beneficiaries who are candidates for ownership. The لإسكان Development" At the signing of the agreement to provide housing for the neediest families who are eligible for housing subsidies and do not qualify for mortgage financing, Undersecretary of the Ministry of Municipal and Rural Affairs and Housing Abdulrahman bin Abdullah Al-Tawil, Undersecretary of the Ministry of Municipal and Rural Affairs and Housing for stimulating the housing supply and real estate development, and Abdulaziz bin Saleh Al-Kridis, Secretary General of the Community Development Housing Corporation, represented Sakan, while Al-Shakerin Endowments was represented by Salama bin Malhi bin Saidan, member of the Board of Trustees of Al-Shakerin Endowments.

Development Housing Program

It is noteworthy that the Ministry of Municipal and Rural Affairs and Housing aims to cooperate with non-profit organizations to provide suitable housing for those in need who are unable to benefit from its financing programs, and to find the necessary solutions to facilitate the ownership of housing units by the neediest families within various options and solutions, in addition to enhancing the participation of community members in supporting the provision of the first home for families within the “Good Housing” platform to achieve social security, in order to achieve the targets of the housing program - one of the programs of the Saudi Vision 2030 - to raise the ownership rate for Saudi families to 70% in 2030.

Development Housing Program.