{"id":71390,"date":"2020-10-13T16:32:29","date_gmt":"2020-10-13T11:32:29","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=71390"},"modified":"2020-10-13T16:32:31","modified_gmt":"2020-10-13T11:32:31","slug":"markup-subsidy-announced-for-mass-provision-of-affordable-housing","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/markup-subsidy-announced-for-mass-provision-of-affordable-housing.html","title":{"rendered":"Markup subsidy announced for mass provision of affordable housing"},"content":{"rendered":"\n<p>Karachi: The State Bank of Pakistan (SBP) on Monday revealed that the government had green-lighted a \u2018markup subsidy facility\u2019 for the purchase and development of new houses \u2013 under its vision of providing \u2018affordable housing to the masses\u2019, according to the news sources.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/sbp-announces-mechanism-incentivise-penalise-mortgage-financing.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP announces mechanism to incentivise, penalise mortgage financing<\/a><\/p>\n\n\n\n<p>The facility would be extended with the administrative support of the SBP, under its executing partner capacity \u2013 with the federal government and the Naya Pakistan Housing and Development Authority (NAPHDA). The facility also enables an individual to avail subsidised financing and mark-up rates to either construct or buy their home.<\/p>\n\n\n\n<p>Reportedly, the government has allocated PKR 33 billion for the mark up subsidy payment \u201cfor financing over a period of 10 years and has assured the continuity of the said facility\u201d. To this effect, the central bank and the government have already inked a memorandum of understanding (MoU).<\/p>\n\n\n\n<p>The markup subsidy facility would be made available at all the<a href=\"https:\/\/www.zameen.com\/news\/sbp-enhances-refinancing-limit-for-banks-shares-new-figures.html\" target=\"_blank\" rel=\"noreferrer noopener\"> banks<\/a> and is divided into three tiers:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Tier-I: Financing would be provided for the purchase of houses\/apartments\/flats of land area up to 5 marla or 125 sq yds, with a covered area of 850 sq ft (max) and price amounting to PKR 3.5 million, under the NAPHDA projects. A limit of PKR 2.7 million with a maximum tenor of up to 20 years has been set for tier-1.<\/li><\/ul>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/sbp-urged-to-take-aggressive-approach-for-lending-home-loans.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP urged to take aggressive approach for lending home loans<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Tier-II: Financing is available for houses\/flats\/apartments up to 125 sq yds or 5-marla \u2013 with a maximum covered area of 850 sq ft and maximum price of PKR 3.5 million. The financing limit under this tier is PKR 3 million with a tenor of 20 years.<\/li><li>Tier-III: The financing facility under tier-3 is extended for the promotion of affordable housing for the middle-income families. It allows subsidised financing for the purchase or construction of apartments\/houses\/flats of land area over 5-marla (125 sq yds) and up to 10-marla (250 sq yds) \u2013 with maximum covered area from 850 sq ft to 1,100 sq ft and maximum price of PKR 6 million. The financing limit under this tier is PKR 5 million with a tenor of 20 years.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The State Bank of Pakistan (SBP) on Monday revealed that the government had green-lighted a \u2018markup subsidy facility\u2019 for the purchase and development of new houses \u2013 under its vision of providing \u2018affordable housing to the masses\u2019, according to the news sources. Read: SBP announces mechanism to incentivise, penalise mortgage financing The facility would be extended with the administrative support of the SBP, under its executing partner capacity \u2013 with the federal government and the Naya Pakistan Housing and Development Authority (NAPHDA). The facility also enables an individual to avail subsidised financing and mark-up rates to either construct or buy their home. Reportedly, the government has allocated PKR 33 billion for the mark up subsidy payment \u201cfor financing over a period of 10 years and has assured the continuity of the said facility\u201d. To this effect, the central bank and the government have already inked a memorandum of understanding (MoU). The markup subsidy facility would be made available at all the banks and is divided into three tiers: Tier-I: Financing would be provided for the purchase of houses\/apartments\/flats of land area up to 5 marla or 125 sq yds, with a covered area of 850 sq ft (max) and&hellip;<\/p>\n","protected":false},"author":75,"featured_media":64432,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016,15017],"tags":[41346,41347,21515,21853],"persona":[],"class_list":{"0":"post-71390","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"category-notices-announcements","9":"tag-markup-subsidy-facility","10":"tag-mass-provision-of-affordable-housing","11":"tag-naya-pakistan-housing-and-development-authority-naphda","12":"tag-state-bank-of-pakistan-sbp","13":"cat-15016-id","14":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Markup subsidy announced for mass provision of housing - Zameen News<\/title>\n<meta name=\"description\" content=\"The markup subsidy facility would be extended with the administrative support of the SBP, under its executing partner capacity\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/markup-subsidy-announced-for-mass-provision-of-affordable-housing.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Markup subsidy announced for mass provision of housing - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The markup subsidy facility would be extended with the administrative support of the SBP, under its executing partner capacity\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/markup-subsidy-announced-for-mass-provision-of-affordable-housing.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-13T11:32:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-10-13T11:32:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/04\/SBP-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"399\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Hazafa Hasan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hazafa Hasan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Markup subsidy announced for mass provision of housing - Zameen News","description":"The markup subsidy facility would be extended with the administrative support of the SBP, under its executing partner capacity","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/markup-subsidy-announced-for-mass-provision-of-affordable-housing.html","og_locale":"en_US","og_type":"article","og_title":"Markup subsidy announced for mass provision of housing - Zameen News","og_description":"The markup subsidy facility would be extended with the administrative support of the SBP, under its executing partner capacity","og_url":"https:\/\/www.zameen.com\/news\/markup-subsidy-announced-for-mass-provision-of-affordable-housing.html","og_site_name":"Pakistan Real Estate News &amp; 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