Hariri has promised to resolve Lebanon’s housing crisis. AFP PHOTO / JOSEPH EID
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Future MPs announced in a news conference Monday a proposed draft law to bring back subsidized housing loans, which they hope will help boost Lebanon's sluggish real estate market and the overall economy.Our way is to go through the banks, so they can keep the loans going and they can keep things within the government," said Sami Fatfat, who held the conference along with fellow Future MPs Rola Tabsh Jaroudi, Walid Baarini, Tarek Merehbi and Dima Jamali.They were joined by Rony Lahoud, chairman and general director of the Public Corporation for Housing, who sees Lebanon's housing crisis as just as much a social as an economic issue.Over the past 20 years, there have been around 5,000 subsidized housing loan contracts annually.
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