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A home for every citizen: President outlines equity grants of up...
President Dr Mohamed Muizzu announced non-repayable housing equity grants of up to MVR 250,000 through a dedicated government fund, with MVR 250 million already allocated and a further MVR 750 million planned via next year's budget. He also said the equity contribution required for home construction loans would be cut from 20 per cent to five per cent, while housing construction continues in the Malé region and the atolls.
Sources1carried itME1 of 19 news outlets we monitor
Figures10as written, with their sentences
One outlet so far Only MM TV (English) has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
Promises in this story
what was committed, and where it stands
Government · Contribute a further MVR 750 million to the housing equity grant fund
Promised·Deadline through next year’s budgetFollow it
How the reporting differs
one source so far
MM TV (English)News outlet
A home for every citizen: President outlines equity grants of up...
up to MVR 200,000 Maximum equity grant to build a home on own land
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
Figures in these reports
as written, with the sentence they come from
up to MVR 200,000Maximum equity grant to build a home on own landMM TV (English)Applicants could receive up to MVR 200,000 to build a home on their own land or up to MVR 250,000 to purchase a flat.
Word for word from the report in MM TV (English). Open the report
up to MVR 250,000Maximum equity grant to purchase a flatMM TV (English)Applicants could receive up to MVR 200,000 to build a home on their own land or up to MVR 250,000 to purchase a flat.
Word for word from the report in MM TV (English). Open the report
MVR 250 millionAmount already allocated to the equity grant fundMM TV (English)The Government has already allocated MVR 250 million to the fund and plans to contribute a further MVR 750 million through next year’s budget.
Word for word from the report in MM TV (English). Open the report
MVR 750 millionPlanned further contribution to the fundMM TV (English)The Government has already allocated MVR 250 million to the fund and plans to contribute a further MVR 750 million through next year’s budget.
Word for word from the report in MM TV (English). Open the report
approximately MVR 1 billionAmount expected to be spent through the fundMM TV (English)The President said approximately MVR 1 billion could therefore be spent through the fund next year, opening opportunities for thousands of people to become homeowners.
Word for word from the report in MM TV (English). Open the report
20 per centEquity contribution required for home construction loans (previous level)MM TV (English)the Government has also decided to reduce the equity contribution required for home construction loans from 20 per cent to five per cent.
Word for word from the report in MM TV (English). Open the report
more than MVR 1 billionFinancing provided under the Hiyaavehi Financing SchemeMM TV (English)Under the Hiyaavehi Financing Scheme, more than MVR 1 billion has been provided to over 800 people to construct homes on their own land.
Word for word from the report in MM TV (English). Open the report
over 800People provided Hiyaavehi financingMM TV (English)Under the Hiyaavehi Financing Scheme, more than MVR 1 billion has been provided to over 800 people to construct homes on their own land.
Word for word from the report in MM TV (English). Open the report
more than 4,000Housing units under construction in the Malé regionMM TV (English)Construction is underway on more than 4,000 housing units in the Malé region, with preparations continuing to begin additional projects.
Word for word from the report in MM TV (English). Open the report
57 islandsIslands with flat developments where contractors are being appointedMM TV (English)In the atolls, work is underway to appoint contractors for flat developments on 57 islands.
Word for word from the report in MM TV (English). Open the report
