Amman, June 10 (Petra) — The General Corporation for Housing and
Urban Development (HUDC) revealed the details of the newly upgraded
housing finance support program, recently approved by the Cabinet,
which aims to enable low-income Jordanian families to secure adequate
housing by providing government-backed down payment assistance and
flexible financing options extending up to 20 years.

HUDC Director-General Jomana Attyat stated that the program enables
targeted families to obtain housing finance from local lending
institutions via lease-to-own or cost-plus financing systems,
structuring long-term financing values for up to 20 years to secure
suitable housing within zoned residential areas. She added that the
program operates by providing government financial support as a
refundable down payment to help beneficiaries qualify for housing
loans, while profit margins will align with prevailing market rates,
though the corporation is exploring agreements with financial
institutions to secure preferential interest and profit rates for
beneficiaries.

Attyat clarified that the eligible target groups encompass public
sector employees, personnel serving in the Jordan Armed Forces and
security agencies, private sector employees, and licensed
professionals with limited incomes whose earnings depend on billable
hours. The financial support will be distributed based on a decile
income system covering 10 brackets with monthly incomes ranging from
JD320 to JD1,320.

The program is structured across three distinct financial levels. The
first level features a maximum loan value of JD30,000 supported by a
government down payment of JD15,000. The second level provides a
maximum loan value of JD40,000 supported by a government down payment
of JD12,000. The third level offers a maximum loan value of JD50,000
supported by a government down payment of JD8,000.

Attyat noted that a tiered repayment system for the down payment
support will be implemented according to the specified income
brackets, ensuring that the total monthly mortgage installment never
exceeds 40% of the household’s regular income.

The program aims to support 1,000 families over a span of four years,
and it is designed to meet the residential needs of lower-income
citizens, transitioning them from renting to homeownership with
affordable installments tailored to their financial capacities. To
qualify for the program, applicants must meet specific criteria,
which dictate that they must hold Jordanian citizenship, be married
or the primary provider for a family, and ensure that neither the
applicant, their spouse, nor any minor children hold dual
citizenship. Additionally, neither the applicant nor their spouse can
have previously benefited from this housing program.

Applications will be evaluated using a competitive points system
where priorities will be determined based on specific criteria,
including employment type, age, family dependency size, years of
service, and whether any family members have special needs. The
Cabinet approved the direct government financial support during its
session yesterday, with funds to be disbursed from the JD3 million
allocated to the program within the 2026 state budget.

//Petra// AF