Post on 05-Jul-2020
Dr. Meshaal Al-ShammaryHousing vision realization
programm.alshammary@housing.gov.sa
Vision 2030 – Understanding the Short,Medium, and Long-term Objectives For TheKingdom’s Housing and Real Estate Plans
1. Housing Eco-system and Strategy Execution2. Housing Program Initiatives and Priorities3. Balancing Social Responsibilities and Policies4. Government Financial Support
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Housing Eco-system andStrategy Execution
Sustainable real estate development & mortgagemarkets through the partnership with privatesector
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Public entities jointly
work together in
collaboration with
the private sector to
enable ownership for
first home buyers
Sustainable housing eco-system through theimplementation of 4 strategic pillars
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Enabling access tomortgage market
Offering affordablehousing
EnhancingCostumerjourney
Devolving legislative andregulatory environment
1.Financi
ng
2.Suppl
y
3. Customerjourney
4.Regulatio
ns
Housing Program Initiativesand Priorities
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Designated entities to ensure the success ofhousing vision
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Balancing SocialResponsibilities and Policies
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Creating better housing environment forhouseholds in need
• Enhancing non-profit sector role in low income housing• Develop and implement usufruct legislation
Allow people tocontribute throughmonitory donations
More than SAR 808million donations,that was allocatedto help low-incomefamilies
Or by providing lands,homes, or apartments
Or contribute directly toa specific case tolessen the financialburden upon familiesthat are behind on rent
More than 2800beneficiaries fromJood service
Government Financial Support
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Enabling access to finance…Securingaffordability
1 2The demand-side(Households)
The supply-side(developers)• Value added tax
• Mortgage subsidies
• Down payment support
• Renovation loans
• Off plan projects
incentives
• Building technology loans
• SME developers fund
Dr. Meshaal Al-ShammaryHousing vision realization program
m.alshammary@housing.gov.sa
Thankyou