Title: A Pathway to Homeownership: Iran’s 250 Million Toman Grant for Low-Income Families
Introduction: Addressing Housing Affordability
In the face of rising living costs, securing safe and adequate housing remains a primary challenge for many. In response, the Islamic Revolution Housing Foundation is spearheading a significant initiative to make the dream of homeownership a reality for the nation’s most vulnerable households. Through a substantial, non-repayable grant program, the foundation aims to directly tackle housing poverty and empower citizens.
What is the 250 Million Toman Grant?
This initiative provides a grant of up to 250 million tomans, targeted specifically at the first to third income deciles—the households most in need. Unlike a traditional bank loan, this financial support does not require repayment. Its core purpose is to cover the personal financial contribution required for a construction project, ensuring that no one is deprived of a home due to economic hardship.
The program is a collaborative effort, implemented in cooperation with several major national institutions, including the Foundation of the Oppressed, the Imam’s Executive Headquarters, the Imam Khomeini Relief Committee, and the State Welfare Organization.
Eligibility and Beneficiaries
The grant is designated for low-income families, typically those who are already under the coverage of the aforementioned support organizations. The program is designed to act as a powerful tool for social empowerment, providing the necessary capital to begin construction on a new home or complete a partially built one.
How the Grant is Disbursed
To ensure funds are used exclusively for their intended purpose, the grant is paid out in stages directly to the contractor or builder’s account. The first installment is released after construction permits are issued and the foundation work begins. A subsequent payment follows during the structural framing or roofing phase. This method guarantees that resources are channeled directly into the building process, with no need for the beneficiary to manage large financial transfers.
The Registration Process
Prospective applicants do not need a separate online registration. The process is managed through local branches of the Housing Foundation. The key steps are:
- Application Submission: File a formal request at the local Housing Foundation office in their city of residence.
- Income Verification: The foundation reviews the applicant’s economic status to confirm eligibility.
- Site Inspection: An official visit is conducted to assess the land or the unfinished construction project.
- Bank Introduction: Eligible applicants are referred to a partner bank for the next steps.
- Staged Payments: The grant and any complementary bank facilities are disbursed to the builder as construction progresses.
This streamlined, in-person process ensures that support is delivered efficiently and transparently to qualified families, marking a critical step forward in national housing welfare.