{"id":16412,"date":"2025-10-06T02:59:18","date_gmt":"2025-10-05T21:59:18","guid":{"rendered":"https:\/\/mbt.mv\/?p=16412"},"modified":"2025-10-06T02:59:18","modified_gmt":"2025-10-05T21:59:18","slug":"cabinet-approves-national-housing-affordability-and-accessibility-project","status":"publish","type":"post","link":"https:\/\/mbt.mv\/?p=16412","title":{"rendered":"Cabinet Approves National Housing Affordability and Accessibility Project"},"content":{"rendered":"

The Cabinet has decided to move forward with the National Housing Affordability and Accessibility Project, designed to improve access to affordable housing across the Maldives.<\/p>\n

The project aims to provide a sustainable, long-term solution to the country’s housing challenges and to help foster a more affordable housing market.<\/p>\n

Key measures under the project include:<\/p>\n

    \n
  1. Creating opportunities for developers to construct affordable housing units at their own expense, with special concessions offered to participating developers.<\/li>\n
  2. Introducing a dedicated end-user mortgage scheme, developed in consultation with banks, to facilitate access to financing for individuals purchasing housing units under the project.<\/li>\n
  3. Developing housing units in collaboration with financial institutions and offering them to the public through a lease-to-own model.<\/li>\n
  4. Purchasing a portion of the units from developers for allocation to eligible beneficiaries who meet defined criteria.<\/li>\n<\/ol>\n

    Additionally, the Cabinet has agreed to incorporate provisions related to the project in the Housing Bill currently under consideration by the People’s Majlis, ensuring a clear legal framework for its implementation.<\/p>\n

    The approval marks a significant step in the government’s efforts to address housing affordability and accessibility challenges facing citizens across the nation.<\/p>\n","protected":false},"excerpt":{"rendered":"

    The Cabinet has decided to move forward with the National Housing Affordability and Accessibility Project, designed to improve access to affordable housing across the Maldives. The project aims to provide a sustainable, long-term solution to the country’s housing challenges and to help foster a more affordable housing market. Key measures under the project include: Creating<\/p>\n","protected":false},"author":1,"featured_media":16413,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2981,2464,2507],"tags":[3339,3340,924,3346,3342,3345,1301,3344,3341,3347,3343],"class_list":{"0":"post-16412","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-government","8":"category-local-news","9":"category-top-stories-featured-area","10":"tag-affordable-housing","11":"tag-cabinet","12":"tag-housing","13":"tag-housing-bill","14":"tag-housing-development","15":"tag-lease-to-own","16":"tag-maldives-government","17":"tag-mortgage-scheme","18":"tag-national-housing-project","19":"tag-peoples-majlis","20":"tag-real-estate"},"yoast_head":"\nCabinet Approves National Housing Affordability and Accessibility Project - Maldives Business Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mbt.mv\/?p=16412\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cabinet Approves National Housing Affordability and Accessibility Project - Maldives Business Times\" \/>\n<meta property=\"og:description\" content=\"The Cabinet has decided to move forward with the National Housing Affordability and Accessibility Project, designed to improve access to affordable housing across the Maldives. 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