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MVR 750 million included in budget for housing equity scheme
A special MVR 750 million equity financing scheme has been included in next year's budget to help citizens build homes on private land or buy new flats, with up to MVR 200,000 per household repayable only on sale within 20 years. Finance Minister Hassan Zareer said housing is Maldivians' greatest concern, but state housing expenditure has fallen from MVR 3.26 billion in 2024 to MVR 1.6 billion in the current budget, the lowest in four years.
Sources1carried itAE1 of 19 news outlets we monitor
Figures7as written, with their sentences
One outlet so far Only Adhadhu (English) has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
Who said what
the reports' own quoted words, each once
It is a current reality that there are citizens who own land but lack the financial capacity to build a home on it. So, within the total housing allocation in next year's budget, MVR 750 million has been earmarked to be issued as equity fo…
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Figures in these reports
as written, with the sentence they come from
MVR 750 millionSpecial equity scheme included in next year's budgetAdhadhu (English)A special scheme of MVR 750 million has been included in next year's budget to provide equity financing for individuals seeking to build homes on private land or purchase new flats.
Word for word from the report in Adhadhu (English). Open the report
up to MVR 200,000Maximum equity assistance per individualAdhadhu (English)Under this initiative, individuals can receive up to MVR 200,000 in equity assistance.
Word for word from the report in Adhadhu (English). Open the report
20-year periodPeriod within which equity assistance becomes repayable on saleAdhadhu (English)This amount is only repayable if the house or building is sold within a 20-year period.
Word for word from the report in Adhadhu (English). Open the report
MVR 3 billionAllocation for housing projects in next year's budgetAdhadhu (English)In addition to this scheme, MVR 3 billion has been allocated for housing projects in next year's budget.
Word for word from the report in Adhadhu (English). Open the report
MVR 3.26 billionState expenditure on housingAdhadhu (English)Looking at state expenditure on housing, the MVR 3.26 billion spent in 2024 dropped to MVR 2.1 billion last year—a year the government characterised as a "housing budget."
Word for word from the report in Adhadhu (English). Open the report
MVR 2.1 billionState expenditure on housingAdhadhu (English)the MVR 3.26 billion spent in 2024 dropped to MVR 2.1 billion last year—a year the government characterised as a "housing budget."
Word for word from the report in Adhadhu (English). Open the report
MVR 1.6 billionHousing allocation in current budgetAdhadhu (English)This figure has been further reduced to MVR 1.6 billion in the current budget, marking the lowest allocation for housing in the past four years.
Word for word from the report in Adhadhu (English). Open the report
Other events named
no clear day, as worded
Finance Minister Hassan Zareer presented next year's budget to the People’s Majlis and said housing remains the greatest concern for Maldivians.People’s MajlisAdhadhu (English)Presenting the budget to the People’s Majlis, Finance Minister Hassan Zareer said that housing remains the greatest concern for Maldivians.
Word for word from the report in Adhadhu (English). Open the report
