Is the National Housing Fund a pioneer in the market? – Tejarat News

According to Tejarat News, the National Housing Fund, relying on Article 3 of the Law on the Leaps of Housing Production and in order to create synergy, strengthen the support capacity and optimal allocation of financial resources of the housing sector, with the function of aggregating and allocating financial resources subject to this law, should at most three months after Formed from the entry into force of this law.

According to Fars, on this basis, finally on November 18, after a lot of struggle, the National Housing Fund’s statutes were approved by the Guardian Council and this institution became official, and its sign was installed on the door of a place located on Shahid Kamran Nejat Elahi Street.

Relying on the provisions of the law on jump in production and housing supply, all resources related to land and housing and related taxes will be collected in this fund, and the resulting resources will be spent on providing housing and its infrastructure.

According to the intended goals for the National Housing Fund, this fund can bring about a great transformation in the housing sector, especially the foundation of housing financing. Also, this institution, having the financial resources, will complete the executive actions of the Housing Deputy in the Ministry of Roads and Urban Development.

In this regard, “Hamid Ahmadi”, an expert in the field of housing, while expressing the benefits of forming the National Housing Fund, said: pooling resources and the existence of a fund whose expenses are allocated only to the housing construction sector is a very important issue in this field and can fill the financing gap in Cover the field of housing construction.

He added: “Although I believe that the banking system is the main custodian of housing construction financing, but due to the ruthlessness of the banks, the presence of a fund in this sector was clearly felt.”

Ahmadi emphasized: According to the law, all the resources related to the housing sector should be deposited to the National Housing Fund and these resources should be used in the form of Qarz Al-Hasna facilities for housing construction.

What is the big damage of the National Housing Fund?

Despite the above points, some damages threaten the way of managing the resources of this fund. The most important threat that the National Housing Fund is facing is the spending of the fund’s resources in the form of grants. On the other hand, the fund should invest as much as it can in the development plans of the housing sector and by leveraging these resources, it should pursue the construction of housing in the country without spending a single rial.

According to the provisions of the law on the jump of production and supply of housing, the existence of the National Housing Fund can solve the problem of many new cities around the metropolises by creating the appropriate infrastructure and access road. If the new cities can be connected to the mother city with a suitable road or rail route, it will be possible to accommodate the population of the mother city in these cities.

What expenses should the resources of the National Housing Fund be spent on?

The noteworthy point is that in some cases there is a rail line near the desired city and with a little investment, the rail line can be connected to the new city. Based on this, the National Housing Fund can pay the cost of connecting the railway line and receive land from the new city in return. With the completion of the project, the value of the received land will also increase and the fund can create more added value by selling these lands or participating in construction.

On the other hand, the leverage of fund resources can make deposits in the bank in order to pay more facilities, provided that the bank will pay multiple facilities from these sources along with its own internal resources for the issues considered by the fund or pay loan points according to the deposit period.

In this case, several units of facility will be paid for one unit of fund resources, and the resources will return to the fund with the repayment of the facility.

Also, payment of loan facilities. In some plans, by injecting a small amount into the project, it is possible to complete it, but for whatever reason, people are not able to provide it in the short term. In these cases, facilities can be paid to the people in the form of loans.

The last advantage of creating a National Housing Fund is guaranteeing the pre-sale of residential units is another action that the National Housing Fund can take.

One of the reasons why the pre-sale of residential units is not developed is the lack of confidence of buyers in the completion of work by builders on the one hand and the lack of confidence of builders in depositing money from buyers. The National Housing Fund can give the guarantee to reputable builders that if the applicant does not deposit the money, the fund will complete the necessary resources. It also assures the buyers that it will avoid any deviation by closely monitoring the progress of the project.

It should be mentioned that, based on the legal details as well as experts’ opinions, it should be emphasized once again that the funds of the fund should not be spent on non-returnable expenses and these resources should be used in a way that adds value in addition to the development of housing construction and related industries. Create more.