Housing Fund Clarifies Stance on Borrowing Transactions
The Housing Fund, operating under the Ministry of Construction, Housing and Public Municipalities, has issued a statement refuting claims that any external entities—be they companies, offices, or individuals—are authorized to promote borrowing transactions.
In its announcement, the ministry emphasized the transparency of the Housing Fund’s processes for loan applications, which are made accessible through the official ministry and fund websites. The fund has established a clear mechanism to prioritize loan distribution, particularly when the volume of applicants exceeds the available allocations, ensuring that loans are granted to the most deserving citizens.
Furthermore, the Housing Fund cautioned the public against potential scams, where individuals may falsely offer to streamline borrowing procedures for a fee. The ministry urged citizens to remain vigilant and report any such fraudulent activities to facilitate appropriate legal action.
This proactive approach aims to enhance public trust in the Housing Fund’s services and to protect citizens from deceitful practices that aim to exploit their need for financial assistance.
