|
|
Article: Low cost opportunity.
- Article from:
- The Star (Amman, Jordan)
- Article date:
- March 18, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
... Faced with rising property costs, Jordan has launched a JD5 billion ($7 billion) initiative to provide affordable housing for low-income citizens. Unveiled by HM King Abdullah II on February 26, the "Decent Home for Decent Living" plan will create 100,000 houses across Jordan during the next five years. The government will provide over JD14 million ($20 million) to jumpstart the project, with work beginning on the first 20,000 properties later this year. The project will be run by a new government agency, in association with the Housing and Urban Development Corporation (HUDC). To ensure that the new properties remain within reach of lower-income segments of the ...