Rewritten Title:
“Self-Owned Housing Projects Exempt from Mortgage Increase in National Housing Initiative”
Rewritten Article:
Key Housing Projects Exempt from Loan Hike
A senior official from Bank Maskan has clarified that self-owned housing units under Iran’s National Housing Movement initiative will not be subject to the recent mortgage increase.
Seyed Mohsen Fazelian, a board member of Bank Maskan, confirmed that 185 trillion tomans in contracts have been signed for housing projects under the scheme. He emphasized that self-owned units—where buyers finance construction independently—remain unaffected by the loan adjustments.
Progress and Financial Commitments
Fazelian noted that:
- 130 trillion tomans in shareholder contributions have already been disbursed.
- Approximately 250 trillion tomans in loan agreements have been finalized.
- Overall physical progress in National Housing Movement projects exceeds 60%.
The initiative, aimed at boosting affordable housing, continues to advance, with exemptions ensuring stability for self-funded buyers.
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