Maghreb Arabe Presse: Morocco to build 130k low-cost housing units
Maghreb Arabe Presse: Morocco to build 130k low-cost housing units Rabat, Mar. 30 - Morocco is set to build 130,000 low-cost housing units in the coming four years both in urban and, for the first time, in rural areas across the north African country for a total budget of MAD 15.5Bn (USD 2.13Bn). The budget is totally exempted from taxes, and will be directed to families whose monthly income is less than MAD 2,500 (about 344). They should be either working in the police, civil servants, living in houses due for demolition, or employees in the private or handicraft sectors. The government aims also to diversify offer in the housing sector, fight insalubrious housing, and involve small and middle-scale real estate developers in the operation. The prices of houses and flats built in the project will not exceed MAD 140,000 (USD 19,300). Besides cities and towns, the project provides for the first time for constructing low-cost housing units in rural areas. 22,353 one-storey houses are prog