These are the broad outlines of the new housing assistance program (Royal Court communication) ✍️👇👇👇

These are the broad outlines of the new housing assistance program (Royal Court communication) ✍️👇👇👇

The Royal Court reported that King Mohammed VI chaired yesterday, Tuesday, at the Royal Palace in Rabat, a working session devoted to the housing and construction sector, in the presence of Prime Minister Aziz Akhannouch, King’s Advisor Fouad Ali El Himma, Interior Minister Abdelwafi Laftit, Minister of Economy and Finance Nadia Fattah, and Minister of Finance Nadia Fattah. Prepared by Fatima Al-Zahraa Al-Mansouri, and the Head of the Collective Administration of the Urban Planning Group, Hosni Al-Ghazawi.”

The same communication explained that during this meeting, the Minister of National Territorial Preparation, Construction, Housing and City Policy, Fatima Al-Zahraa Al-Mansouri, presented to the King the outlines of a new program for assistance in the field of housing, which comes within the framework of implementing the will of His Majesty the King to enhance citizens’ ability to access adequate housing. .

According to the same source, which concerns the period between 2024 and 2028, the new program aims to renew the approach related to assistance in owning housing and supporting the purchasing power of families, through direct financial assistance to the owner. It benefits Moroccans residing in Morocco or abroad, who do not have housing in Morocco and have not previously benefited from special housing assistance.

The Royal Court statement added, “The amounts of assistance will be determined according to the value of the housing being acquired. Thus, the amount of assistance has been set at 100,000 dirhams for the purchase of a house whose selling price is less than or equivalent to 300,000 dirhams, including fees, and 70,000 dirhams for the purchase of a house whose price ranges from Between 300,000 dirhams and 700,000 dirhams, including fees.

On the other hand, the houses, the subject of the new assistance program, will be constructed in full respect of the development plans in force and in compliance with technical and quality standards.

In order to be able to implement the housing assistance program and keep pace with the process of renewing urban and spatial planning, 12 regional agencies for construction and housing will be created, taking into account the specificities of the urban area and the rural world alike.

It is worth noting that, thanks to the royal patronage, the housing sector, especially the social sector, has witnessed significant development and tangible progress. Over the past two decades, state-assisted programs have enabled millions of Moroccans to access adequate housing.