Latest news with #Tas'heelPlus
Daily Tribune
05-08-2025
- Business
- Daily Tribune
Housing Ministry Concludes Mobile Housing Finance Initiative at The Avenues
The Ministry of Housing and Urban Planning, in cooperation with the Housing Bank, has successfully wrapped up its 'Mobile Housing Finance Branch' initiative at The Avenues Mall. The five-day event drew strong interest from citizens seeking to benefit from housing finance services. The ministry said the mobile branch initiative is part of its ongoing efforts to bring housing services closer to the public and help more families access suitable homes. Similar events will continue across Bahrain, with the next stop scheduled for September 3 to 7 at City Centre Bahrain. Throughout the event, citizens met directly with ministry and Housing Bank representatives to receive instant consultations on financing options, eligibility requirements, and steps to secure a suitable home. The event also showcased the 'Bayti Real Estate' platform, which currently lists over 13,000 properties compatible with government housing finance programs, including Tas'heel, Tas'heel Plus, and the Mazaya program. Properties included apartments, houses, and residential plots across Bahrain, with virtual tours available to make browsing easier. The Housing Bank provided visitors with personalized financial advice and explained available funding solutions in partnership with participating banks. Attendees could also explore social housing projects and use the platform's digital mortgage calculator to compare financing options. According to the ministry, the mobile branch initiative is part of a series of ongoing efforts to raise public awareness about housing services. It follows three previous housing finance exhibitions at City Centre Bahrain and the Social Housing Innovation Conference and Exhibition.
Daily Tribune
28-04-2025
- Business
- Daily Tribune
MPs propose affordable ‘land and loan' payment scheme for Bahrainis earning less than BD800
A push to hand low-income Bahrainis plots and loans has been launched in Parliament, as MPs warned that thousands earning under BD800 are slipping through the cracks despite royal orders to expand housing. Led by MP Hanan Mohammed Fardan and backed by four others, the proposal seeks to introduce a new service called 'Land with Loan', aimed at families whose incomes fall between BD400 and BD800 a month. Applicants would be ranked by the date of their original housing request. 'In light of the Royal Directives to provide 50,000 housing units to strengthen social stability and housing fairness, it is regrettable that the schemes introduced in recent years, particularly Mazaya, Tas'heel, and Tas'heel Plus, do not cover a wide number of citizens earning less than BD800,' said MP Fardan. She added: 'Limiting these programmes to a certain group clashes with the Constitution and breaches Clause (w) of Article Nine, which makes clear that the State must work to provide housing for citizens with limited income.' Service The service would give families land alongside a suitable loan, helping those who cannot otherwise afford to benefit from government schemes. Fardan said it would also help the Housing Ministry reach its goal of meeting the royal pledge to build 50,000 units. She argued that setting up 'Land with Loan' would help clear the backlog of old applications and make better use of the vacant plots already in the Ministry's hands, particularly in the newly built towns where construction can start without delay. 'Introducing this service would not only ease the burden of delayed applications but also allow the Ministry to move its resources around with more fairness and sense,' she said. The lawmaker described the proposal as a fair and proper answer to 'the genuine needs of a wide group of citizens', adding that it would help push Bahrain's housing efforts in a steadier, more lasting direction.
