{"id":568105,"date":"2020-12-17T04:13:48","date_gmt":"2020-12-17T04:13:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/17\/partnering-with-the-state-on-affordable-housing\/"},"modified":"2020-12-17T04:13:48","modified_gmt":"2020-12-17T04:13:48","slug":"partnering-with-the-state-on-affordable-housing","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/17\/partnering-with-the-state-on-affordable-housing\/","title":{"rendered":"Partnering with the state on affordable housing?"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Private-sector real estate developers can work on government-sanctioned social<\/strong><strong> housing projects<\/strong> under a cabinet decision. Homes developed by the private sector will be sold to low- and middle-income families and individuals under the same conditions as those sold by the state\u2019s Mortgage Finance Fund, cabinet said in <a href=\"https:\/\/bit.ly\/38dG2uI\">a statement<\/a> following its weekly meeting yesterday. It\u2019s unclear whether the government will introduce incentives to attract private developers to the social housing scheme, such as having the mortgage fund cover subsidies to deliver the private sector-built homes at a reduced cost. Under the current social housing program, the fund <a href=\"https:\/\/m.akhbarelyom.com\/news\/newdetails\/3178977\/1\/-%D8%A8%D8%A7%D9%82%D9%8A-%D8%A3%D8%B3%D8%A8%D9%88%D8%B9-..-%D8%AA%D9%81%D8%A7%D8%B5%D9%8A%D9%84-%D8%AD%D8%AC%D8%B2-%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D8%B3%D9%83%D9%86-%D9%84%D9%83%D9%84-\">already pays<\/a> 190k-250k per home in indirect subsidies (for mid-range homes) and EGP 210k-280k (for the lower range).<\/p>\n<p><strong>Also approved by cabinet yesterday:<\/strong><\/p>\n<ul>\n<li><strong>Amendments to the penal code <\/strong>to slap fines of up to EGP 200k and prison sentences of at least one year for anyone who records or broadcasts footage of criminal court proceedings without approval from the judge;<\/li>\n<li><strong>A <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/13ea60a8-4492-48a4-909d-c9e458d61f2f\">USD 7.5 mn grant<\/a><\/strong><strong> from the Italian government<\/strong> to support the Roubiki Leather City;<\/li>\n<li><strong>A EUR 200k grant from the Spanish Agency for International Development<\/strong> for an initiative to empower women employed in the tourism industry; and<\/li>\n<li><strong>Moving forward with a plan to launch the \u201cyour business in your village\u201d initiative<\/strong> to create more jobs in rural areas with a focus on women that support their families.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Private-sector real estate developers can work on government-sanctioned social housing projects under a cabinet decision. Homes developed by the private sector will be sold to low- and middle-income families and individuals under the same conditions as those sold by the state\u2019s Mortgage Finance Fund, cabinet said in a statement following its weekly meeting yesterday. It\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7306],"tags":[282,130,7097,72,336,83,4301,190,537],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-568105","post","type-post","status-publish","format-standard","hentry","category-cabinet-watch","tag-cabinet-watch","tag-construction","tag-development","tag-enterpriseam","tag-italy","tag-real-estate","tag-social-housing","tag-social-welfare","tag-spain","wpautop","entry"],"acf":{"mongo_id":"bbf12193-9065-496a-b671-56cc762f68d8","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[568090],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Partnering with the state on affordable housing? - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/17\/partnering-with-the-state-on-affordable-housing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Partnering with the state on affordable housing?\" \/>\n<meta property=\"og:description\" content=\"Private-sector real estate developers can work on government-sanctioned social housing projects under a cabinet decision. Homes developed by the private sector will be sold to low- and middle-income families and individuals under the same conditions as those sold by the state\u2019s Mortgage Finance Fund, cabinet said in a statement following its weekly meeting yesterday. It\u2019s [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/17\/partnering-with-the-state-on-affordable-housing\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-17T04:13:48+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/17\/partnering-with-the-state-on-affordable-housing\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/17\/partnering-with-the-state-on-affordable-housing\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Partnering with the state on affordable housing?\",\"datePublished\":\"2020-12-17T04:13:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/17\/partnering-with-the-state-on-affordable-housing\/\"},\"wordCount\":235,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"cabinet watch\",\"construction\",\"development\",\"EnterpriseAM\",\"Italy\",\"real estate\",\"social housing\",\"social welfare\",\"Spain\"],\"articleSection\":[\"Cabinet watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/17\/partnering-with-the-state-on-affordable-housing\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/17\/partnering-with-the-state-on-affordable-housing\/\",\"name\":\"Partnering with the state on affordable housing? 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The government is set to sell several land plots spanning a minimum of 75 feddans apiece, and the developers want\u2026","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593726,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/08\/housing-ministry-could-allow-private-sector-to-join-social-housing-projects\/","url_meta":{"origin":568105,"position":1},"title":"Housing Ministry could allow private sector to join social housing projects","author":"enterpriseam admin","date":"8 October 2019","format":false,"excerpt":"The Housing Ministry will finish at the end of October discussions on allowing the private sector to participate in the state\u2019s social housing program, the local press reported. The ministry is proposing to offer 10k units to real estate developers over the next five years to trial the idea. Companies\u2026","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":697330,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/04\/30\/govt-opens-water-and-social-housing-to-the-private-sector\/","url_meta":{"origin":568105,"position":2},"title":"Gov\u2019t opens water and social housing to the private sector","author":"enterpriseam admin","date":"30 April 2026","format":false,"excerpt":"From desalination plants to social housing, the private sector is being let into an exclusive domain","rel":"","context":"In &quot;The Big Story Today&quot;","block_context":{"text":"The Big Story Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-big-story-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/7\/448.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591253,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/01\/egypts-housing-ministry-approves-new-mechanism-for-ppp-projects\/","url_meta":{"origin":568105,"position":3},"title":"Egypt\u2019s Housing Ministry approves new mechanism for PPP projects","author":"enterpriseam admin","date":"1 December 2019","format":false,"excerpt":"The Social Housing Fund approved in a board meeting yesterday a new mechanism for partnership on housing projects with real estate developers, according to a Housing Ministry statement. 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