Weekly Industry News

Affordable Home Fund eligibility criteria expanded

Weekly Industry News

Bank Negara Malaysia (BNM) has expanded the eligibility criteria for the RM1 billion Fund for Affordable Homes.

Bank Negara Malaysia governor Datuk Nor Shamsiah Mohd Yunus said the maximum monthly household income for applicants is increased to RM4,360, from RM2,300 previously.

The maximum property price is also increased to RM300,000, from RM150,000 previously, in line with the definition of affordable house in the National Affordable Housing Policy.

The enhancement will take effect on Sept 1, 2019.

Media Title:  The Sun

Date: 22 Aug, 2019

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