More than 36,000 Moroccans under the age of 40 have benefited from the government’s housing assistance program, according to Fatima Ezzahra El Mansouri, Minister of Urban Planning, Housing, and City Policy.
Speaking before the House of Councillors, she said that 36,576 young beneficiaries have so far received housing aid. Women account for 44.5% of this total. Around 63% of recipients obtained MAD 70,000 ($7,000) in assistance, while 37% benefited from MAD 100,000 ($10,000).
The combined value of the properties acquired exceeds MAD 15.2 billion ($1.52 billion), with the state covering 19% of that amount – roughly MAD 2.96 billion ($296 million).
El Mansouri noted that the program’s digital platform has received over 166,000 applications nationwide, including 105,190 from people under 40, representing nearly two-thirds of all applicants.
To make home ownership easier, the ministry has signed an agreement with the Tax Administration, Treasury, Land Registry, and Notaries’ Association to simplify procedures.
Notary fees are now capped at MAD 2,500 ($250) for homes priced under MAD 300,000 ($30,000), and the program has been incorporated into the Damane Assakane Fund to improve access to bank loans.
The “Pass Jeunes” initiative, signed last February, allowed 52 young adults to purchase their first home through the Al Omrane Group.
The 2024-2029 direct housing aid program, launched under royal guidance, aims to boost citizens’ purchasing power, promote territorial and social equity, and stimulate investment in housing – particularly in small and mid-sized cities that were underserved in previous programs.
MWN with MAP
