Direct Housing Assistance Program: Here is the number of beneficiaries until July 2

Hibapress

The number of beneficiaries of the direct housing assistance program stands at 16,300 until July 2, affirmed, Wednesday in the House of Representatives, the Minister of National Land Planning, Urban Planning, Housing and Urban Policy, Fatima Ezzahra El Mansouri.

Presenting a report on the housing policy in Morocco before the Committee on the Interior, Local Authorities, Housing and Urban Policy, the Minister indicated that the value of the housing acquired amounts to 6.3 billion dirhams.

A percentage of 44% of the program’s beneficiaries are women, while 39% are young people under 35 and 22% are Moroccans living abroad (MRE) who have acquired housing worth 1.6 billion dirhams, explained Ms. El Mansouri. After stressing that the indicators of the housing sector have recorded an increase since the launch of the program, she noted that the number of authorized projects increased by 16%, cement sales by 20%, housing loans by 1.5%, while loans for real estate developers by 3.8%, between May 2023 and May 2024.

Regarding the distribution of beneficiaries by region, the minister noted that the regions of Fez-Meknes, Casablanca-Settat and Rabat-Salé-Kénitra occupied the first ranks, while for the prefectures and provinces, the cities of Fez, Berrechid, Kénitra and Casablanca occupied the first five places, adding that 41% of the beneficiaries acquired housing whose price is less than or equal to 300,000 dirhams.

Furthermore, the government official indicated that a total of 81,683 requests for housing assistance were registered until July 2, of which 89% are eligible, stressing that 39% of the requests were submitted by women, while 20% were made by MREs and 37% were submitted by young people.

Ms. El Mansouri also recalled the various partnerships that were developed in order to successfully implement the program, citing the signing of an agreement with the Caisse de dépôt et de gestion (CDG) for the creation of a digital platform dedicated to the management of the subsidy mechanism, the objective being to dematerialize and simplify procedures, control deadlines and improve management. The various stakeholders, namely the Ministry of Economy and Finance, the Ministry of the Interior and the National Agency for Land Conservation, Cadastre and Cartography (ANCFCC) have, for their part, exchanged data for good governance of the program, noted the minister, adding that participatory banks have also been called upon to enable beneficiaries to acquire housing under a Mourabaha contract.

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