Egypt: New housing finance brings hope to more than 3.6 million people
May 5, 2015
Egypt needs about 300,000 new homes a year, plus more to deal with a backlog. Relatively little building, houses left empty, and low incomes have led to informal housing. About 12–20 million people live in informal housing areas.
The new US$500 million Inclusive Housing Finance Program will improve access to home ownership and rental property for low-income households. More than 3.6 million people should benefit, including 1.6 million people living below the Household Poverty Line.
You have clicked on a link to a page that is not part of the beta version of the new worldbank.org. Before you leave, we’d love to get your feedback on your experience while you were here. Will you take two minutes to complete a brief survey that will help us to improve our website?
Feedback Survey
Thank you for agreeing to provide feedback on the new version of worldbank.org; your response will help us to improve our website.
Thank you for participating in this survey! Your feedback is very helpful to us as we work to improve the site functionality on worldbank.org.