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Iran to deliver more housing units - Plan and Budget Organization

Business Materials 16 June 2021 17:39 (UTC +04:00)
Iran to deliver more housing units - Plan and Budget Organization

TEHRAN, Iran, June.16

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The government to deliver more than 9,000 housing units as part of Mehr Housing Project by the end of its ruling term (July 2021), said Deputy for technical, infrastructure, and production affairs in the Plan and Budget Organization.

The government has delivered more than one million housing units as part of the Mehr Housing Project from 2013 till 2017 and the number of these houses would reach 1.976 million units by the end of the current government, said Hamidreza Adl, Trend reports citing IRNA.

The statistic indicates that about 696 housing units in Mehr Housing Project are ready and require infrastructure services, these units could be delivered by the end of the current Iranian year (started March 21, 2021) if credits are assigned to them. About 102,000 units currently have no applicants.

"The government action during past eight years shows it has been very active in this field. The affordable housing plan started in 2018 with existing resources and aid of the Housing Foundation and Imam Khomeini Relief Foundation. The plan was the construction of 116,000 housing units for low-income individuals and so far 60,000 units have been assigned," he added.

"The government faced an increase of sanction and decline of oil export during the beginning of the plan but by JCPOA agreement pressures reduced and there was good economic growth from 2015 to 2017. The government faced intense sanctions that reduced oil sale revenues in 2018 in addition to Coronavirus outbreak that affected economy," he said.

According to report released by the Statistical Center of Iran, despite all problems the economic growth of the country during last three months of the last Iranian year (started March 20,2020) by considering oil export revenue was 6.8 percent and economic growth without counting oil revenues increased 3.3 percent.

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