Two-thirds of Moroccans would own their houses in the next 10 years, against 36.4% in the 60s and 56.8% in 2004, according to a housing ministry official.
Charif Tahiri, who was speaking in Cairo at a regional meeting on upgrading Arab cities, ascribed this rise to the public authorities actions aiming at increasing and diversifying housing opportunities that target medium-income categories, and at creating two new satellite cities and other urban groupings.
The official also said that the MAD 17.71Bn (USD 2Bn) Slum-free cities program includes 70 urban centers and some 218,000 families. He said a guarantee fund has been set up to enable limited-revenue persons or those with an unstable source of income, two categories that represented 33% of city populations, to obtain bank loans at preferential conditions.
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