86869
HSA is aimed at promoting homeownership among young couples.
HSA is aimed at promoting homeownership among young couples.
Tuesday, May 22, 2018

$1 Billion NDFI Loan to Boost Homeownership

The Central Bank of Iran has given its consent for $1 billion to be drawn from the country’s sovereign wealth fund and be redirected to the Housing Savings Account in Bank Maskan
Tuesday, May 22, 2018

$1 Billion NDFI Loan to Boost Homeownership

The idea of tapping into the reserves of the National Development Fund of Iran to empower the country’s main initiative aimed at supporting first-time homebuyers and other housing applicants has reportedly gathered steam and may be finalized in as early as two weeks.
According to a deputy minister of roads and urban development, the Central Bank of Iran has given its consent for $1 billion to be drawn from the country’s sovereign wealth fund and be redirected to the Housing Savings Account in Bank Maskan, the agent bank of the housing sector.
“After the CBI approval, the issue has now been referred to Majlis Development Commission and based on the request of the Ministry of Roads and Urban Development from the respected members of the commission, it has been decreed that the allocation of the sum will be put on the main agenda of the parliament and approved in two weeks,” Houshang Ashayeri was quoted as saying by the official news portal of the ministry.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/mXHtCj
05/22/2018
  1. https://goo.gl/Gu9gpN
  • https://goo.gl/hCGR32
  • https://goo.gl/4PrQex
  • https://goo.gl/D7Dp9o
  • https://goo.gl/dKtf4Y

You can also read ...

Iranian Ministry of Industries, Mining and Trade has released...
Tehran Stocks Rally, Incline Toward Export Sector
Tehran Stock Exchange set a fresh record high on Monday as...
Currency, Gold at New High in Tehran Market
The foreign exchange market heated up again on Monday to post...
Iran Industrial Production Index Falls in Q1 After 4 Quarters of Growth
After experiencing four consecutive quarters of growth, the...
Iranian Banks Lend $16.8 Billion in 5 Months
Banks and credit institutions allocated 2.4 quadrillion rials...
Iran: Summer Sees Highest Inflation on Record
The consumer price index increased from 116.2 to 134.6 or...
Int'l Plast Expo 2018 Opens in Tehran
The 12th International Iran Plast Exhibition opened at Tehran'...
Iran Steel Exports Rise  27% to Over 4m Tons: ISPA (Mar-Aug, 2018)
A total of 4.13 million tons of finished and semi-finished...

Add new comment

Trending

Googleplus