He pointed out that these facilitations reflect a clear strategic vision from the state to drive the development process, and they come within the framework of the political leadership's directives to alleviate burdens on citizens.
Engineer Hisham Darwish, Advisor to the Minister supervising
the Construction and Contracting Sector and Chairman of the Housing Finance
Fund Board, added that these facilitations also address citizen requests for
new financial arrangements from the Fund. This initiative offers an opportunity
for the Fund's clients to rectify their status through clear and specific
executive rules, ensuring the success of these facilitations and strengthening economic
stability.
He explained that these facilitations apply to residential,
professional, and administrative units, commercial shops, and villas. This
includes properties with ongoing lawsuits, those that have received a preliminary
judgment, or those currently undergoing an appeal. To qualify, the full price
must be paid in cash, in addition to covering all judicial, administrative, and
any other associated expenses.
Darwish clarified that these facilitations do not apply in cases where a legal dispute has been filed by the client against the Fund, unless all such lawsuits are waived. Furthermore, these facilitations are not applicable to units, villas, and shops for which cancellation decisions have been issued or final enforceable judgments have been rendered. In these specific situations, the provisions of the Fund's real estate regulations and the Board of Directors' decisions will govern.