HOUSING FINANCE IN EGYPT

The study is one component of a three-part housing action study. In Egypt, and particularly in Cairo, a strong, unsatisfied demand for housing exists. Housing needs are most acute among young families and low-income families. Low-income families also suffer disproportionately under present housing finance arrangements. The Housing Team recommended that several changes be made in the structure and operating procedures of the Credit Foncier and that assured financing exists for "economic" housing through the National Housing Fund and for "moderate" and "middle-income" housing through the Credit Foncier. Based on the team"s findings, the Government of Egypt made changes in interest rates and withholding taxes, and changes in the Credit Foncier. Report includes Appendices with tables.