TEHRAN, Iran, Aug. 10
The director general of Rural Housing Office at the Housing Foundation of Islamic Revolution Hamidreza Sohrabi announced that the loans for construction of 125,000 rural housing units have been provided, Trend reports via IRNA.
Sohrabi announced that the problems of banks to provide $23,000 worth of loan for each rural housing have been resolved.
He noted that the initial amount of $12,000 was raised to $23,000 to encourage rural residents to improve and renovate rural housing units.
“Some 40,000 applicants have been introduced to the operating banks to be paid rural housing loans,” he said.
He called the increase of government assistance as an effective step for the employment of the villagers.
According to IRNA, this rural housing loan is a kind of support package; which means that the interest rate of the loan is subsidized. The interest rate of rural housing loans is 5 percent.