TEHRAN – The Welfare Organization and the Islamic Revolution Housing Foundation signed a memorandum of understanding (MOU) to construct 20,000 housing units for the financially struggling families, Mehr reported.

Alireza Tabesh, the Foundation’s head, and Vahid Qobadi Dana, the Organization’s head, inked the MOU during a meeting held in Tehran on Monday.

As per the agreement, 20,000 housing units will be provided to persons with disabilities, breadwinner women, and the underprivileged under the Organization’s coverage residing in villages with a population of less than 25,000, he explained.

Loans amounting to 250 million rials (about $6,000) will be granted to each famiy, he said, adding, the two entities will provide some 150 million rials (nearly $3,500) as non-repayable loans to each family, he noted.

“Moreover, they will be granted free building plots and construction services. We hope to offer better services and funds to these individuals not capable of purchasing houses,” he highlighted.

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