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EghtesadOnline: Atotal of 65,000 applicants have opened accounts with designated banks of the government-sponsored “National Housing Initiative” so far and 38,000 of them have made the initial payment of between 300-400 million rials [$1,165-1,554], says an official with Bank Maskan, the state agent bank of the housing sector.

“The construction of a number of residential properties of the National Housing Initiative has started. Bank Maskan will pay financial facilities for 140,000 of the project’s units. Builders will receive 1,000 million rials [$388] for each unit with a repayment period of 10 years,” Mohammad Hassan Alamdari was also quoted as saying by

Registration for the "National Housing Initiative", aimed at supplying a total of 400,000 affordable homes, started in November, according to Abazar Jaberi, an official with the Islamic Revolution Housing Foundation.

Nearly 20,000 of the 400,000 homes will be constructed in new towns, including 7,134 in Fooladshahr in Isfahan Province, 4,448 in Parand in Tehran Province, 2,762 in Golbahar in Khorasan Razavi, 1,547 in Sahand in East Azarbaijan Province, 1,497 in Sadra in Fars Province, 800 in Amirkabir in Markazi Province, 520 in Hashtgerd in Alborz Province and 150 in Tehran’s Pardis.

Jaberi noted that under the National Housing Initiative, the foundation is the designated body in charge of carrying out the project in cities with a population of under 100,000 with the exception of cities like Qom.

In the second round of registration, which started in February, a total of 1,362,000 have registered, whose qualifications need to be assessed, he told the Persian-language daily Iran. 


Iran Bank Maskan housing government Loans