The draft decree regarding housing aid is presently with the Government’s General Secretariat for consultations and approval, according to Fatima Zahra El Mansouri, Minister of National Territory Planning and Urbanism and City Policy.
The minister assured the long awaited legislation is in the process of executive approval during a presentation in an oral questions session in the House of Representatives on Tuesday.
She highlighted the fact that King Mohammed VI launched the social housing program, which completed 600,000 housing units, reduced existing deficit, and made it possible to provide adequate housing for more than 600,000 families.
The contract for this initiative expired in 2020, the minister said.
The previously opened workshops will allow for the creation of an additional 100,000 dwelling units, but they won’t be finished until 2026.
El Mansouri notes that in spite of this, 87% of the demand, which now totals 2 million housing units, is dispersed in urban areas and 13% in rural ones.
The ministry created a new program centered on providing direct assistance to the social and middle classes as a result of this persistent demand, and it is this program that is the topic of the new decree that has been laid before the General Secretariat of the Government.
Increased purchasing power will be made possible by this program, and participants will gain access to a variety of initiatives that cater to the requirements of diverse societal groups, reenergize the real estate market, and encourage small and medium-sized businesses to engage in real estate.
Faouzi Lekjaa, Minister Delegate to the Minister of Economy and Finance in charge of the budget, confirmed last month that the decree on direct support for the acquisition of housing is in its final stages of preparation.
He said that Minister El Mansouri worked with various actors on procedures related to the implementation of this decree, which will change the approach that was previously adopted with regard to subsidizing housing.
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