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Youth Housing Project

Introduction:
It is  a pioneering housing project which first began on October 1995 to provide youth with modern housing at reasonable prices .This project is known for its architectural models elevating public taste and matching with modern life . Maximum elevation is four flours plus basement (100-70-63 M2).

Units allocation :
This is done according to accurate and objective standards upon all applications for ensuring their eligibility.

Phases of Implementation :
74433 housing units were constructed along three phases in great number of new cities all over the country. This started early in1996. All works were finished. .
1- 1st phase ( 100 M2)

20712 housing units have been implemented, in which four different architectural models were used in the following cities :
( 10th of Ramadan – Shrouk – Obour – New Cairo – 15th of May – 6th of October ) .
2- 2nd phase ( 70 M2)

34931 housing units have been implemented in the following cities :
(Shrouk - Obour – New Cairo - 6th of October – Sheikh Zayed–Sadat –New Bani sweif –New Damietta - New Minya ) . These units have been implemented according to 12 models with multipurpose interior designs , making up for small areas . This phase started in 1999 and was completely finished. 3- 3 rd phase (63 M3)
18790 housing units have been implemented, in which two models were used, in the following cities:
(10th of Ramadan - Shrouk – Obour – 6th of October – New Damietta – New Bani sweif – New Minya-New Assuit –Tiba ).It started on May 1998 and was completely finished . 4- 4 th phase ( Developed Economic Housing)
- This phase was announced on 5/12/2004 . - Areas of such units range from 50-57 M2 (including 2 rooms , hall ,kitchen and bathroom) to provide greater number of subsidized units for youth .
-The unit is subsidized by two loans ; the first cooperative ( LE15000 ) 5% interest rate – 40 year repayment period ) whereas the second complementary ( LE 10000 ) , 44 year repayment period ; interest free (total installment of LE 80) .
-The flat eligible applicant can  replace it with  a wider one  provided that handing over his or her old housing unit and payment will be transformed  to the new unit .
- All applications will be approved  in case of their fulfillment of the advertised conditions.

Future housing Project

- It started in 1998 when it was necessary to solve housing problem for a great number of Egyptian citizens with limited income. For fulfilling this noble idea as well as  wide participatory approach, an association called  "Future Association" was officially promulgated by Ministry of social Affairs decree ( 398 dated 13/8/1998 ) as a central association , affiliated to the general Association Department , according to law 32/1964 and its regulations .
- Board of directors was formed including members of real estate finance, industrial investment and contracting sectors. All project shareholders are members of this association.
-This association receives contribution from different people for building housing units.

Project Objective :
Construction of 15636 ( 63M2) units in number of new cities , whereby plots ; fully equipped with utilities and areas are provided . "Future Association " shared partially in the costs by contributions of real estate, industrial sectors, contracting companies as well as all rich people.
 A prize :
Future housing project was awarded the first prize during the council of housing & Reconstruction Ministers as 2001 Arab Housing project.

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