Key Activities and Achievements
Housing Support Program
The Housing Support Program provides a streamlined homeownership experience by offering integrated financing solutions. These are led by nonrefundable support packages of SAR 100,000 or SAR 150,000, determined according to the income matrix. This is complemented by flexible financing options designed to meet beneficiaries' needs and accelerate their journey toward homeownership with confidence and stability.
Supportive Programs and Financing Solutions
Tamkeen Program
A financing solution designed to enhance the purchasing power of housing support beneficiaries by extending the maximum financing tenor from 25 to 30 years.
Supports
Supports
Supports
Default Support Program
A program dedicated to supporting beneficiaries facing difficulties in meeting their real estate financing obligations due to circumstances beyond their control. It provides nonrefundable support to cover defaulted installments, up to a maximum of five installments.
Supports
Supports
Supports
Additional Financial Support for Ministry of Defense Military Personnel
This initiative aims to provide additional financial support of SAR 160,000 as an interest free loan (Qard Hasan) for military personnel within the Ministry of Defense, to be utilised as a down payment for homeownership.
Supports
Supports
Supports
Your Installment Equals Your Support (Qistak Yusawi Da’mak)
A financing solution for both Off Plan Sales and Self Build products. It reduces the monthly installment to equal the monthly support value or SAR 400 for the Support Packages Program during the construction phase.
Does Not Support
Supports
Supports
Real Estate Finance Profit Reduction Program
Offered in collaboration with strategic financing partners, this program provides special offers for subsidized real estate financing with the lowest profit margins. It aims to ease the financing burden on beneficiaries and facilitate their journey toward owning suitable housing.
Does Not Support
Supports
Supports
Mazaya Program
This program aims to provide exclusive advantages and offers on real estate financing for eligible beneficiaries at reduced profit margins.
Does Not Support
Supports
Supports
Easy Mortgage Program
A supportive program aimed at reducing the burden of the down payment required by financing institutions when purchasing a property through a real estate loan. The down payment for eligible beneficiaries is reduced to 5% of the funded property value instead of 10%. This is facilitated by the REDF's commitment to providing a guarantee equivalent to 5% of the property value, up to a maximum of SAR 40,000.
Supports
Does Not Support
Supports
Easy Installment Program
A supportive program for the Off Plan Sales product, offered in cooperation with the National Housing Company (NHC). It is designed for a specific segment of "Sakani" beneficiaries (those with a monthly income of SAR 10,000 or less) by providing additional support for selected projects in the form of an extra discount on the unit price, reaching up to SAR 100,000.
Does Not Support
Does Not Support
Supports
Debt Transfer Program
A program that allows beneficiaries receiving support from the REDF to transfer their obligations from one bank to another. The objective is to secure better offers in terms of profit margins and to select the financing institution that best meets their real estate financing needs.
Supports
Does Not Support
Does Not Support
In-Kind Support
Support provided in the form of a discount on the value of the land or housing unit obtained by the beneficiary through the Ministry of Municipalities and Housing.
Does Not Support
Does Not Support
Supports
Usufruct Ending in Ownership Product (Developmental Housing)
A program aimed at enabling beneficiaries of the Developmental Housing initiative (and similar cases) to own housing units. Under this program, eligible beneficiaries are allocated units with a 33% discount on the total value. The beneficiary pays 33% of the remaining value in monthly installments, while charitable organizations and foundations cover the final 33% of the unit’s principal cost.
Supports
Does Not Support
Does Not Support
Dhara (Affordable) Sakan Plus Product
A program offered by the REDF in cooperation with the Developmental Housing Foundation (Sakan). It aims to empower low income individuals (with monthly incomes between SAR 3,000 and SAR 7,000) to obtain real estate financing and own a home by providing additional support from "Sakan" of up to SAR 120,000 per beneficiary, thereby reducing the financial burden on the beneficiaries.
Supports
Does Not Support
Does Not Support