Title: Iran Launches Major Housing Initiative with 650 Million Toman Loans to Support Low-Income Families
In a significant move to address housing needs, Iranian authorities have opened registration for substantial housing loans, with amounts reaching up to 650 million Tomans. This initiative is a key part of the government’s broader strategy to provide affordable housing solutions and foster social and economic stability.
The Challenge of Affordable Housing
For low-income segments of the population, financial constraints often make saving for a home a formidable challenge. This can lead to families residing in small, aging, or informally settled housing units. The lack of adequate housing not only impacts family health and welfare but can also perpetuate cycles of poverty and social inequality. Addressing this issue requires carefully targeted policies and coordination between various state institutions, municipalities, and the private sector.
A Strategic National Priority
Providing suitable housing for citizens is treated not merely as a welfare matter but as a strategic national objective. This necessitates strong commitment, appropriate budgeting, and realistic planning. Global experiences demonstrate that countries which prioritize comprehensive housing programs can achieve greater social and economic equilibrium. In Iran, this is being pursued through supportive programs, low-interest facilities, and cooperative housing projects, with a focus on long-term investment and continuous program implementation to maintain public trust.
Housing Foundation’s Reconstruction Role
The Housing Foundation has a long and active history in reconstruction efforts across the country. A representative highlighted that since the Islamic Revolution, the Foundation has repaired or reconstructed over 2.3 million residential units. Its role includes immediate response to natural disasters, providing temporary shelter, and overseeing the complete rebuilding of fully damaged homes in coordination with local governors and institutions.
Details of the National Housing Loan Schemes
The current national housing plans, including the National Housing Movement, feature extensive collaboration with the Housing Foundation. A central component is the provision of a 650 million Toman loan for applicants, a program set to continue through the upcoming Iranian years of 1404 and 1405.
Furthermore, as part of its annual legal duties, the Foundation facilitates the construction of more than 200,000 urban and rural housing units. For these, financial facilities include a 400 million Toman loan with a 5% service fee and a 20-year repayment period, enabling families to build homes ranging from 60 to 70 square meters.
In the past three years, the Foundation has also been tasked with constructing 50,000 units for the underprivileged in various cities, with full government support through a similar 400 million Toman loan. The delivery of these units is expected to commence soon, marking another step forward in the nation’s housing development goals.