"Residential" adjusts the support calculator for those whose incomes exceed 14 thousand and compensate them with the effect of
Invited them to consult the WFP website to review the new update
Housing program announced the amendment of the support calculator for beneficiaries of the Ministry of Housing and Real Estate Development Fund, calling beneficiaries who exceed income 14 thousand riyals to visit the "support calculator" on the program's website to review the new update.
The program said in a press release today that the new mechanism of housing support has been adopted following its adoption to support the largest category of beneficiaries of the Ministry of Housing and the Real Estate Development Fund. He pointed out that those who have obtained mortgage loans subsidized by less than 100% during the last period will be compensated based on The current matrix, and rescheduling support amounts based on the new support ratio.
He explained that the new amendment will raise the monthly support rate for beneficiaries of monthly income more than 14 thousand riyals, gradually by 5% per thousand riyals increase in salary, instead of directly reducing support from 100% to 35% as applicable in the current support matrix , Pointing out that the aim of this amendment is to improve the support matrix in order to provide housing support to the largest number of beneficiaries of the Ministry of Housing and the Real Estate Development Fund, to achieve one of the objectives of the housing program to raise the proportion of ownership to 70% by 2030.
The program showed that there has been no change in the maximum limit of 100% subsidized support. A maximum of 14,000 riyals has been approved for the monthly income, with the minimum support remaining at 35% unchanged and continuing on the current scale based on the number of individuals Family and income.
He pointed out that the new support matrix will be applied to beneficiaries of the Ministry of Housing and the Real Estate Development Fund, noting that former beneficiaries with subsidized housing finance will be compensated by less than 100% based on the current matrix. They will be compensated and rescheduled according to the new support ratio, Calling on everyone to know the percentage of new support by visiting the website of the program "residential" through the following link: https://sakani.housing.sa/calculator.
"Residential" adjusts the support calculator for those whose incomes exceed 14 thousand and compensate them retroactively
Saudi Press Agency (SPA)
Previously
2019-06-20
Housing program announced the amendment of the support calculator for beneficiaries of the Ministry of Housing and Real Estate Development Fund, calling beneficiaries who exceed income 14 thousand riyals to visit the "support calculator" on the program's website to review the new update.
The program said in a press release today that the new mechanism of housing support has been adopted following its adoption to support the largest category of beneficiaries of the Ministry of Housing and the Real Estate Development Fund. He pointed out that those who have obtained mortgage loans subsidized by less than 100% during the last period will be compensated based on The current matrix, and rescheduling support amounts based on the new support ratio.
He explained that the new amendment will raise the monthly support rate for beneficiaries of monthly income more than 14 thousand riyals, gradually by 5% per thousand riyals increase in salary, instead of directly reducing support from 100% to 35% as applicable in the current support matrix , Pointing out that the aim of this amendment is to improve the support matrix in order to provide housing support to the largest number of beneficiaries of the Ministry of Housing and the Real Estate Development Fund, to achieve one of the objectives of the housing program to raise the proportion of ownership to 70% by 2030.
The program showed that there has been no change in the maximum limit of 100% subsidized support. A maximum of 14,000 riyals has been approved for the monthly income, with the minimum support remaining at 35% unchanged and continuing on the current scale based on the number of individuals Family and income.
He pointed out that the new support matrix will be applied to beneficiaries of the Ministry of Housing and the Real Estate Development Fund, noting that former beneficiaries with subsidized housing finance will be compensated by less than 100% based on the current matrix. They will be compensated and rescheduled according to the new support ratio, Calling on everyone to know the percentage of new support by visiting the website of the program "residential" through the following link: https://sakani.housing.sa/calculator.
20 June 2019 – 17 Shawwal 1440
The time now is 04:39 PM
Invited them to consult the WFP website to review the new update
Housing program announced the amendment of the support calculator for beneficiaries of the Ministry of Housing and Real Estate Development Fund, calling beneficiaries who exceed income 14 thousand riyals to visit the "support calculator" on the program's website to review the new update.
The program said in a press release today that the new mechanism of housing support has been adopted following its adoption to support the largest category of beneficiaries of the Ministry of Housing and the Real Estate Development Fund. He pointed out that those who have obtained mortgage loans subsidized by less than 100% during the last period will be compensated based on The current matrix, and rescheduling support amounts based on the new support ratio.
He explained that the new amendment will raise the monthly support rate for beneficiaries of monthly income more than 14 thousand riyals, gradually by 5% per thousand riyals increase in salary, instead of directly reducing support from 100% to 35% as applicable in the current support matrix , Pointing out that the aim of this amendment is to improve the support matrix in order to provide housing support to the largest number of beneficiaries of the Ministry of Housing and the Real Estate Development Fund, to achieve one of the objectives of the housing program to raise the proportion of ownership to 70% by 2030.
The program showed that there has been no change in the maximum limit of 100% subsidized support. A maximum of 14,000 riyals has been approved for the monthly income, with the minimum support remaining at 35% unchanged and continuing on the current scale based on the number of individuals Family and income.
He pointed out that the new support matrix will be applied to beneficiaries of the Ministry of Housing and the Real Estate Development Fund, noting that former beneficiaries with subsidized housing finance will be compensated by less than 100% based on the current matrix. They will be compensated and rescheduled according to the new support ratio, Calling on everyone to know the percentage of new support by visiting the website of the program "residential" through the following link: https://sakani.housing.sa/calculator.
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