Lebanese MP submits draft law to reactivate housing loans

Source: Xinhua| 2018-08-09 19:55:18|Editor: xuxin
Video PlayerClose

BEIRUT, Aug. 9 (Xinhua) -- Lebanese member of parliament Chamel Roukoz submitted Thursday a draft law to the parliament to reactivate housing loans in Lebanon, local media reported.

"We proposed to subsidize each of these loans by 5 percent by the government," Roukoz was quoted as saying by Elnashra, an independent online newspaper.

Lebanon's Public Corporation for Housing announced on July 8 that no applications for housing loans will be accepted from July 9.

The Central Bank of Lebanon usually funds the housing loans. It provided commercial banks with a fund worth 500 million U.S. dollars in February, allocated for subsidized housing loans that would be used by Lebanese citizens to buy apartments.

The fund, however, was drained within a month.

The commercial banks therefore are offering housing loans with an interest rate of around 6 to 7 percent compared to 3 percent for subsidized loans, making people hesitate to purchase at such high interest rates.

As a result, some political parties voiced their concerns about this new crisis, emphasizing the need to find quick solutions to solve this issue.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001373792671
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
亚洲精品素人在线观看 | 色偷偷网站一区二区三区 | 亚洲最大的中文视频网站 | 色综五月亚洲欧美婷婷 | 在线观看日本免费A | 五月天福利国产视频 |