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FinancialNews
26-09-18
Lebanon to finance housing loans with USD66m
(MENAFN) The Lebanese parliament has reportedly accepted funding housing loans at USD66 million amid housing crisis in the country.
A statement carried by Elnashra said "housing loans will be financed this way for the time being until the government adopts a serious housing policy later on."
The approval of the housing loans has been made after political parties called for the Lebanese government to come up with a resolution in regards to the housing crisis.
On July 8th, the Lebanese Public Corporation for Housing (PCH) declared that requests for housing loans are to be rejected starting July 9th.
The Central Bank of Lebanon regularly finances the housing loans through the Public Corporation for Housing (PCH).
MENAFN2609201800450000ID1097489180
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