Algeria – Modifications allowing Algerians living abroad (emigrants) to benefit from social housing with the LPP formula, announces the minister.
Indeed, the Minister of Housing, Urbanism and the City, Kamel Nasri, declared that new amendments were introduced concerning the acquisition of real estate with the LPP formula. In particular, he added that the maximum threshold for the acquisition of housing will be reviewed by modifying the provisions of article 82 of law n ° 14-10 of December 30, 2014; which includes the 2015 finance law, according to our source, the Ennahar Online site.
However, the article for the 2021 budget bill will be as follows: “Promotional public housing is considered a public utility real estate project.” The minister specifies, always according to our source; that this amendment aims to increase exceptionally the maximum authorized income in order to allow Algerians living in Algeria as well as abroad (emigrants) to benefit from LPP housing.
In addition, the provisions of article 72 of law 13-08 of December 30, 2013; which includes the 2014 finance law, will also be amended. This change provides that the National Housing Fund will receive a reward for the financial management of social housing programs and the various primary and secondary networks and roads.
More distinction, for Algerians living abroad
Note that the 2021 Finance Bill has just given emigrants the chance to benefit from housing with the LPP formula . This proposal which was made in the Preliminary draft finance law; was finally selected, which gives Algerians living in foreign countries; free access to this offer, always according to our source.
As a reminder, among the conditions of access to this LPP housing acquisition formula, a maximum income of 108,000 da is required. Thus, in the new project, the maximum income wants to be at 108,000 da always but for the spouses; which will allow more people to access this housing acquisition program.
