Government announces new housing program

The government has announced two housing schemes under a new “Gedhoruverikuruvun” housing program, application forms for which will be available from the ministry starting from March 2.

The Social Housing Scheme will provide housing for Male’ city citizens via flats. The second scheme will provide financial assistance through the Islamic Finance Facility for construction of houses in the islands.

After launching the scheme,  the Ministry of Housing and Infrastructure and the Housing Development Finance Corporation (HDFC) signed an MOU.

Minister of Housing Dr. Mohamed Muiz said construction of 1100 flats under the scheme will begin within two months. He did not give details on how the scheme is to be financed.

Muiz said the government will spend MVR 100 million on the finance scheme for the atolls.

Vice President Dr. Mohamed Jameel Ahmed said many believe that lack of housing is the root cause of all social issues and the pledge to provide housing is ‘one of the most important’ pledges of President Abdulla Yameen Abdul Gayoom’s government.

The government’s housing policy is sustainable and will minimize hardships, Jameel said.

Jameel criticized all former housing schemes saying they did not give priority to the poorest families and said that the current government will not discriminate on the basis of political ideology in providing housing.

The  ‘Gedhoruverikurun’ program was part of the ruling Progressive Party of Maldives (PPM) presidential manifesto, while launching the schemes was included in the government’s road-map for the first hundred days in power.