Iran Launches Major Housing Initiative with 400 to 650 Million Toman Loans
In a significant move to address housing needs and bolster social welfare, Iranian authorities have detailed a comprehensive national housing strategy, featuring substantial loans and a long-term commitment to construction and reconstruction.
A Strategic National Priority
The provision of adequate housing is recognized not merely as a welfare issue, but as a strategic national imperative. For low-income groups, financial constraints often make saving for a home a formidable challenge, sometimes leading to residence in substandard or cramped units. A targeted policy, coordinated between state institutions, municipalities, and the private sector, is essential to alleviate this burden on households. Global experiences confirm that countries prioritizing this issue achieve greater social and economic equilibrium. This vision requires robust, long-term investment and continuous planning to build public trust and prevent the deepening of social and economic disparities.
Reconstruction and a Legacy of Building
Highlighting the state’s responsiveness, Hojatoleslam val-Muslimin Hossein Rohaninejad, the representative of the Supreme Leader in the Housing Foundation of the Islamic Revolution, reported on the swift action taken following recent incidents. The Foundation was immediately deployed to affected areas, initiating debris removal and damage assessment.
“Alongside providing livelihood aid to the affected, the Housing Foundation has secured temporary housing for damaged households,” Rohaninejad stated. He further noted that in some cases, minor repairs allowed for a quick return, while complete reconstruction has begun for fully destroyed units. This effort is part of a broader legacy; since the victory of the Islamic Revolution, the Housing Foundation has repaired or reconstructed over 2.3 million residential units, including during the Sacred Defense era.
National Housing Plans and Loan Details
The core of the new initiative lies in the expansive national housing schemes. Rohaninejad elaborated on the Foundation’s extensive cooperation in major projects like the National Housing Movement (نهضت ملی مسکن) and the National Action for Housing (اقدام ملی مسکن).
A central feature is the availability of substantial loans for applicants. “In these plans, a loan of 650 million Tomans has been allocated for applicants, the implementation of which will continue through 2025 and 2026,” he announced.
Furthermore, in line with its legal duties, the Foundation reconstructs over 200,000 urban and rural units annually. For these, facilities of 400 million Tomans are provided, featuring a 5% service fee and a 20-year repayment period. These loans enable families to construct homes ranging from 60 to 70 square meters.
In a specific program targeting the underprivileged, the Housing Foundation has been tasked with building 50,000 units in various cities over the past three years. The government is fully supporting this program with a 400-million-Toman loan at a 5% service fee, with the delivery of these units expected to commence soon.