AADL Housing: Subscribers to Pay Four Parts Before Obtaining Apartments
الشروق أونلاين
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Photo: archive
The government included new amendments to the modes of payment for beneficiaries of AADL housing sale with renting, as the first instalment of the apartment’s price, which is estimated to a quarter of the price was divided to four parts instead of two, as it was adopted earlier, though the first part will reach up to 10% of the total value, so the value was decided not to exceed the three parts that should be paid before receiving 5% of the houses for every part.
According to Echorouk sources, Housing, Urbanization and the City Minister, Abdelmadjd Tebboune, presented, days before the proposal, to the executive branch that spends of reviewing the modalities for payment under AADL formula, by taking into account the purchasing power of subscribers and devising the instalment to four parts instead of two halves, as this demand was approved by Executive Chamber through a decree that was signed by the Prime Minister, Abdelmalek Sellal, during the last week of the previous year, and targeted the Government’s amendement of the provisions of Article 7 of the Executive Decree of 2001, and which defines the conditions and modalities for the purchase of houses that were completed with the public funds or bank sources or any other funds in the context of sale with renting.
According to the new decree, everyone who asks to buy a house in the framework of selling with rent should pay 25% of the total price of the house, and, contrary to what was adopted in the previous stage, when the National Agency for the Development and Promotion of Housing “AADL” committed the housing subscribers to pay a quarter of the price in two parts.
