Iran raises the individual National Housing Movement loan ceiling from 650 to 850 million tomans

Mehr News Agency reported on Wednesday 7 Mordad 1405 (29 July 2026) that the High Board of the Central Bank of Iran, at its 71st session, approved raising the individual loan ceiling for supportive projects under the National Housing Movement, covered by Article 4 of the Housing Production Leap Act, from 6.5 billion rials (650 million tomans) to 8.5 billion rials (850 million tomans).

Under the decision, the higher ceiling applies only to supportive housing projects whose land was supplied by the Ministry of Roads and Urban Development and transferred to applicants. The increase was also extended to National Housing Movement projects that have passed 65 percent physical completion.

The 24th session of the Supreme Housing Council, chaired by the first vice president on 5 Khordad 1405 (26 May 2026), had earlier approved the increase. The stated reason for the revision is the rise in construction costs driven by higher prices for building materials, labour wages and transport.