Iran delivers 10,000 affordable homes to owners

The Iranian government has delivered 10,000 homes to owners under its massive affordable housing project as President Seyyed Ebrahim Raeisi vows to accelerate the completion of unfinished projects to provide more housing to low income-earners in the country.

According to Press TV, President Raeisi handed over house keys and deeds to four owners in the city of Parand, in southwest Tehran, where 29 projects consisting of nearly 7,000 homes were inaugurated on Saturday.

More than 3,000 housing units in rural areas across Iran were also delivered to their owners on Saturday, according to a report by IRNA.

The report said some 12.6 trillion rials (nearly $30 million) had been spent on building and completion of the houses in Parand.

The houses are part of a nationwide campaign to build millions of affordable homes in Iran by the end of Raeisi administration’s current term in 2025.

That comes as experts have expressed doubts on the feasibility of the massive housing plan mainly because of soaring construction prices in Iran and strains on government’s financial resources.

However, President Raeisi said on Saturday that his government will invest more to speed up the construction of homes under the National Housing Campaign.

He said the government will also earmark more resources to complete unfinished homes that started more than a decade ago in Iran under another affordable housing project dubbed Mehr.

ME