King Mohammed VI chairs meeting on landmark housing aid program

King Mohammed VI chairs meeting on landmark housing aid program

On Tuesday at the Royal Palace in Rabat, King Mohammed VI, chaired a working session devoted to the housing and urban planning sector, particularly housing acquisition aid.

During the meeting, Fatima Ezzahra El Mansouri, Minister of National Land Planning, Urban Development, Housing and Urban Policy, presented the broad outlines of a new housing assistance program, in line with the Sovereign’s determination to strengthen citizens’ ability to access decent housing.

Thanks to the Royal High Solicitude, the housing sector, particularly the social sector, has developed favorably and progressed steadily. State-assisted programs over the past two decades have enabled millions of Moroccans to gain access to decent housing.

This new program, which will run from 2024 to 2028, aims to renew the approach to home ownership assistance and help households’ purchasing power, through direct financial aid to the purchaser. Eligible are Moroccans living in Morocco or abroad, who are not homeowners in Morocco and who have never received housing assistance.

The amount of assistance depends on the value of the home purchased. The amount of assistance is set at MAD 100,000 for the acquisition of a home with a sale price of up to MAD 300,000 (including tax), and MAD 70,000 for the acquisition of a home costing between MAD 300,000 and MAD 700,000 (including tax).

In social terms, the new housing assistance program presented to the King will facilitate access to housing for low-income social classes and the middle class, reduce the housing deficit and speed up completion of the “Cities Without Slums” program.

On the economic front, this program will help to increase the supply of housing, revitalize the housing sector and boost the private sector, particularly SMEs, and job creation.

In addition, the housing units covered by the new assistance program will be built in full compliance with current development plans and in accordance with technical and quality standards.

Similarly, to enable the housing assistance program to be implemented and to support the renewal of urban and regional planning, it is planned to set up 12 regional urban planning and housing agencies, taking into account the specific features of both urban and rural areas.

The working session was attended by the Head of Government Aziz Akhannouch, the King’s Advisor,  Fouad Ali El Himma, the Minister of the Interior,  Abdelouafi Laftit, the Minister of Economy and Finance, Nadia Fettah, Abdelouafi Laftit, the Minister of Interior,  Minister of National Land Planning, Urban Development, Housing and Urban Policy, Fatima Ezzahra El Mansouri, and the Chairman of the Board of Directors of Holding d’Aménagement Al Omrane, Housni El Ghazaoui.


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