Launching a green housing design competition to build 25,000 environmentally friendly units

The Social Housing and Real Estate Finance Support Fund and the National Center for Building and Housing Research launched a competition to choose the best design for the “Green Low-Cost Housing” project, today, Monday, during the press conference held at the headquarters of the National Center for Building and Housing Research.

Mai Abdel Hamid, CEO of the Social Housing and Real Estate Finance Support Fund, said that the “Affordable Green Housing” initiative project is being carried out in cooperation with the World Bank and the Building and Housing Research Center, with the aim of building 25,000 housing units approved by the Green Pyramid classification system for social housing, in 4 cities. Egyptian: Capital Gardens, New Obour, New Aswan, Hurghada. The project aims to save energy and water.

Social Housing Fund

Dr. Muhammad Masoud, head of the National Center for Housing Research, said that a guide for green building is being prepared and will be directed to the average citizen and not just to government agencies.

He pointed out that the competition reflects Egypt's trends in adopting green housing and sustainable planning.
Engineer Tariq Al-Nabrawi, head of the Engineers Syndicate, thanked the Social Housing Fund, which has been providing youth housing since 2014.

Al-Nabrawi confirmed that the union is ready to cooperate in this project through the union’s specialized committees.

17 advertisements for social housing apartments since 2014

Mai Abdel Hamid, CEO of the Social Housing Fund, said that the Fund announced the launch of 17 advertisements for social housing apartments since 2014, providing them to more than a million and a half citizens, pointing out that each advertisement specifies a number of conditions and controls so that support reaches all those who are eligible.

New conditions

She confirmed that the new announcement will be soon, which is about offering units to supplement the number of applicants who were not lucky in the previous announcement and were considered out of priority.

She pointed out that nearly 13,000 units were offered in New October City, with more than 95,000 checkpoints, but we are trying to accommodate all applicants.

Mai Abdel Hamid explained new conditions will be announced and there will be new pricing for the units, but we are trying to address the high price by increasing the value of the direct subsidy, in addition to the interest subsidy, which is reduced. With the new conditions, it will remain acceptable and available to the target segment.