Public Housing Corporation Begins Lending Preparations

The article focused on the beginning of preparations to launch the housing loan process in Lebanon by the General Housing Authority. The Director General, Rony Lahoud, confirmed that the conditions would be similar to those previously in place, and that citizens must contribute at least 20% of the payment amount to qualify for the loan. The Authority requested the Minister of Finance to allocate $100 million to finance 1,400 families, but the final figure has not yet been determined. Additionally, the halt of housing loans hastened the economic collapse, as it is interconnected with other sectors. Lahoud also clarified that interest rates on the loans would be around 3.5% on the remaining balance. This step is considered important to support the housing sector and the economy in general in Lebanon.

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