16,300 People Benefit from Direct Housing Assistance Program By July 2

Some 16,300 people have benefited from the direct housing assistance program by July 2, Minister of National Planning, Urban Planning, Housing and Urban Policy, Fatima Ezzahra El Mansouri, said on Wednesday.Speaking at the House of Representatives, the Minister underlined that the value of the homes acquired as part of this program that targets Moroccans who are not property owners and have never received housing assistance, has amounted to 6.3 billion dirhams.44% of the program's beneficiaries are women, while 39% are young people under the age of 35 and 22% are Moroccan Expatriates, who have acquired homes worth 1.6 billion dirhams, El Mansouri pointed out.Noting that housing sector indicators have risen since the launch of the program, she said that the number of authorized projects increased by 16%, cement sales by 20%, housing loans by 1.5%, while loans to property developers rose by 3.8%, between May 2023 and May 2024.With regard to the distribution of beneficiaries by region, she noted that the cities of Fez, Berrechid, Kénitra and Casablanca occupied the top five places, adding that 41% of the beneficiaries acquired houses priced at or below 300,000 dirhams.In addition, the government official said that some 81,683 applications for housing assistance have been registered up to July 02, of which 89% were eligible, pointing out that 39% of applications were submitted by women, while 20% were made by Moroccan expatriates and 37% were submitted by young people.El Mansouri also recalled the various partnerships that have been developed to successfully implement the program, citing the signing of an agreement with the Deposit and Management Fund (CDG) to create a digital platform to ensure the management of the subsidy mechanism.Source: Agence Marocaine De Presse