New housing fund from March 1

Housing fund from March 1

KUALA LUMPUR: A special funding scheme will be available from March 1 to help those who are keen on the National Economic Action Council's People Housing Programme as well as Kuala Lumpur City Hall's public housing.

"Through the scheme, problems in obtaining loans can be overcome. This will help the low and medium-income families to own a house," Datuk Seri Najib Tun Razak said.

Najib said the scheme would be managed by Syarikat Perumahan Layaway Persekutuan, set up under Yayasan Wilayah Persekutuan, with funds from the Employees' Provident Fund.

Source: The Star