Deputy Roads Minister: 500 Million Toman Loans at 4% for "Omid Housing" as Construction of 30,000 Units Begins

Habibollah Taherkhani, deputy roads and urban development minister for housing and construction, said in a television interview on Tuesday, November 10, 2026 (19 Aban 1405), that the "Omid Housing" scheme for low-income urban households, run with the Islamic Revolution Housing Foundation and focused on small and mid-sized cities and villages, provides for loans of 500 million tomans at a 4% interest rate. He said the land is handed to the Foundation free from Roads Ministry holdings, and funding comes from Imam Khomeini's Account 100 grants and other organisations.

Taherkhani added that the Foundation has started building 30,000 units under the scheme and that a 200,000-unit programme is also planned. He described the market's core problem as a shortage of affordable housing, not of units overall, and said bank loans currently cover only 10% to 15% of the cost of buying a home. The remarks are a government programme announcement; they give no payout schedule or count of loans already disbursed.