How is the construction of 4 million houses financed?
According to the Iran Economist, quoting the information base of the Housing Bank – Hibna, Dr. Mahmoud Shayan, CEO of the Housing Bank, in an interview with IBNA reporter about financing the National Housing Movement project, said: In the budget law, 360 thousand billion tomans to build one million housing units It has been predicted by the Islamic Consultative Assembly and notified to the Central Bank, and the Central Bank has divided this 360 thousand billion Tomans between 27 banks and financial and credit institutions.
He said that the share of each bank is determined both in terms of number of units and in terms of amount, he said: Housing Bank, considering that it is a development and specialized bank in the housing sector, has the largest share of 210,000 units and 63 One thousand billion tomans has been allocated to the Housing Bank to be able to pay facilities to applicants who are mass builders and self-owners or through projects in which the institutions of the Ministry of Housing are the contractors for housing construction.
Shayan added: “In this regard, the Ministry of Roads and Urban Development is obliged to launch the relevant systems, which has been done, and applicants must register in the tem system, and the Ministry must introduce them to the banking system in proportion to each bank’s quota.”
Payment of 86 thousand billion Rials facilities by Maskan Bank
The CEO of Maskan Bank stated: According to the public announcement, the applicants were supposed to open accounts with the banking system and only 477 thousand accounts were opened with Maskan Bank, of which 270 thousand people have deposited their company shares in the accounts.
He continued by stating that people can gradually deposit this share of the company to complete the initial quota of 40 million Tomans: “According to this, the applicants deposited 17,000 billion Tomans with the Housing Bank and it was decided that the bank would announce this at the same time as the Ministry of Roads.” Pay money for projects. Unlike Mehr Housing, the National Housing Movement is applicant-oriented from the beginning and is linked to the projects from the time the applicant pays his or her share of the company and knows from the beginning which projects will have which housing units and which units.
Shayan continued: “According to this, in many projects that have been started, the share of the people’s company has been paid and the stage of bank participation and deposit of the bank’s share has been reached based on the determined shares. And this process has accelerated very well.
The CEO of the Housing Bank reminded: The Ministry of Roads and Urban Development has allocated land for more than 2.5 million units so far, and 2 million units of construction land have been handed over to the projects.
Construction of housing in two phases of 2 million units
Regarding the construction process of 4 million housing units, he said: “Since the housing construction project is time consuming and the first year is dedicated to infrastructure issues, land supply, preparation of plans and building permits, in the first year of the government, it is possible to build one million units.” There was no housing, and based on this, the Minister of Roads and Urban Development ordered that this work be done in two sections of 2 million units in terms of land and facilities, and this is a very good start.
Regarding the allocation of land by the executive bodies, Shayan said: “In Tehran, due to the land restrictions we had, the Housing Bank signed 57,000 units with the Army of the Islamic Republic of Iran in the National Housing Movement. In mid-June this year, 15,000 executive operations And 500 units started.
Government agencies to sign the memorandum
The CEO of the Housing Bank added: “The budget law obliges that unused government lands be allocated to the National Housing Movement plan and states that when the Ministry of Roads corresponds with an institution or organization, if they prevent the delivery of land, the registry office is obliged to own the land.” In the name of the Ministry of Roads and Urban Development, so it is a great opportunity for government agencies to sign an agreement with the Ministry of Roads before being forcibly registered by the Ministry of Roads so that they can use these facilities for their own personnel, and this This is a very good thing that is stated in the law.
Fines for banks that violate the payment of facilities of the National Housing Movement
Regarding the obligation of banks to pay the facilities of the National Housing Movement, he said: “The budget law provides for two fines for non-implementation of the law, one of which is tax collection, ie if banks do not finance the allocated share in projects by force and directly by The tax office is taxed, which can create problems for the banks’ balance sheets. Therefore, the best thing is for the banks to create solutions that allocate the necessary resources to the national movement as soon as possible, according to the national task that they have in the national movement plan, and also, if this does not happen, the members of the board are expected to The management of the banks should be introduced to the disciplinary board by the central bank.
Shayan pointed out that the National Housing Movement project, in addition to creating benefits for people to become homeowners, on the other hand, directs facilities towards production. Housing is the driver of the economy and more than 120 industries depend on it. Facilities should be paid in the housing sector, other industries will move. Also, monitoring the use of the facility will be facilitated and recognizable for them, and the facility will hit its target.