Amman, Aug 31 (Petra) -- The Housing and Urban Development Corporation (HUDC) on Monday launched a housing finance support program for low-income Jordanian families, with applications opening Tuesday for one month.

The program offers financing of up to JD50,000 under a financial leasing system, with repayment periods of up to 20 years, for the purchase, construction, expansion, or completion of housing units located within designated planning areas.

Eligible families will receive a refundable government contribution toward the initial payment ranging from JD8,000 to JD15,000, depending on household income and the value of financing, HUDC Director General Jumana Atiyat told Petra.

The program was approved by the Cabinet as part of HUDC initiatives under the 2026-2029 second executive program of the Economic Modernization Vision.

Atiyat said the program aims to support around 1,000 families over four years, including 250 beneficiaries this year. Monthly installments may not exceed 40 percent of total household income.

The program is open to public- and private-sector employees and holders of professional licenses who meet the income and eligibility requirements.

Applicants must be Jordanian, married or supporting a family, and neither they nor their spouse or minor children may hold another nationality.

//Petra// AO