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President of the Republic orders rapid launch of the housing bank and the completion of all housing projects

President of the Republic, Abdelmadjid Tebboune, during his presidency today, Sunday, of the regular meeting of the Council of Ministers, ordered the acceleration of the launch of the housing bank and completion of all housing programs in various formulas, especially the rent-sale formula, according to the cabinet press release.

Commenting on the proposal of the Minister of Housing, Urbanism and the City about the status of the implementation of housing programs in the form of sale for rent, and the proposals submitted to complete this program, Mr. Tebboune emphasized, “The necessity to give utmost importance to the completion of all programs and projects of the various housing formulas, especially those related to the rent-sale formula, as a dedication to the state’s commitment to guarantee providing housing for citizens, especially the middle class.

The president also ordered the acceleration of the launch of the Housing Bank, with the aim of greater control over the housing policy, gathering all funding bodies, and paving the way for private individuals to participate in its capital, according to the same source.

On the other hand, President Tebboune instructed to tighten supervision and prevent all attempts and operations to divert agricultural lands, especially those planted with trees and irrigated ones, from their original character.

The President of the Republic has also assigned the government to prepare a legal text to protect state-owned lands and settle all pending real estate ownership files, added the press release.

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