Over 240 apply for 25 housing units in Feydhoo

Some 249 application forms for 25 housing units under construction in Feydhoo, Addu City, by the Housing Development Corporation (HDC) have been submitted before yesterday’s deadline, reports Haveeru.

According to the department of business and youth development in Feydhoo, the forms are being evaluated to be sent to the Housing Ministry.

Under the points scheme for awarding the units, residents of Feydhoo aged 21 to 35 with no registered plots in the country will receive 10 points while those over 35 would receive 15 points. Applicants with three children or more receives 15 points while those with two children or less receive 10 points.

Down-payments for the units cost Rf30,000 while Rf4,500 is to be paid monthly over the course of 20 years.

Construction is expected to be complete by the end of the year, according to HDC.