It is necessary to amend the Housing Production Leap Act to diversify the financing methods.
Seyed Ali Madanizadeh, Minister of Economy and Finance, in a meeting with the members of the construction committee of the Islamic Council and the CEOs of the banks under the management of this office:
In various meetings, we have always emphasized the need to comply with laws and regulations, and we believe that the operations of the banking network should be carried out in full compliance with the legal regulations and taking into account the rights of depositors and shareholders.
The statistics show the change in the approach of the banking network and the movement of additional banks towards a role in housing finance. We hope we can do our best to house people and help finance this sector.
Last year we brought up the issue of presenting the amendment to the Housing Production Leap Law, but the set of conditions and issues that arose for the country, including the developments and restrictions caused by the war, caused the delay in following up on this issue.
In the Ministry of Economy, the Central Bank and the banking network, there is this conclusion that the current framework and mechanisms of the law, despite the established goals, do not necessarily lead to the expected result, i.e. to bring people to home ownership. For this reason, the banks' performance mechanisms and incentive system must be examined.