FOPROLOS SNIT Reveals New Conditions for Access to Social Housing

Tunisia's National Housing Company Publishes Details on Social Housing Acquisition Conditions

The Société Nationale Immobilière de Tunisie (SNIT) has released new guidelines for the acquisition of social housing under the FOPROLOS (Fonds de Promotion du Logement pour les Salariés) program, a scheme managed by the National Fund for Housing Improvement for Salaries.

These new regulations categorize beneficiaries based on their monthly gross income, outlining the financing modalities, preferential interest rates, housing sizes, and required guarantees to facilitate access to suitable housing for salaried individuals.

According to the published data, beneficiaries have been divided into four main categories, calculated based on the Guaranteed Interprofessional Minimum Wage (SMIG), taking into account all primes and indemnities.

Beneficiary Categories:

FOPROLOS 1: Salaries earning between 1 and 2.5 times the SMIG, ranging from 591 dinars to 1,477.505 dinars per month.
FOPROLOS 2: Salaries earning between 2.5 and 3.5 times the SMIG, ranging from 1,477.505 dinars to 2,068.500 dinars per month.
FOPROLOS 3: Salaries earning between 3.5 and 4.5 times the SMIG, ranging from 2,068.505 dinars to 2,659.500 dinars per month.
FOPROLOS 4: Salaries earning between 4.5 and 6 times the SMIG, ranging from 2,659.505 dinars to 3,546 dinars per month.

Housing Options:

FOPROLOS 1: Beneficiaries can acquire individual housing with a maximum covered area of 100 m².
FOPROLOS 2, 3, and 4: Beneficiaries can access collective or co-owned housing with a maximum area of 120 m², including common areas.

Financial Conditions:

A personal contribution of 10% of the total housing price is required for all categories.
FOPROLOS 1 beneficiaries will benefit from an additional advantage, with the fund covering up to 15 times the SMIG to help constitute the personal contribution.
Preferential interest rates are set at 1% for FOPROLOS 1, 3% for FOPROLOS 2, 5% for FOPROLOS 3, and 7% for FOPROLOS 4.

Additional Benefits:

A three-year grace period is granted to FOPROLOS 1 and 2 beneficiaries, and a two-year period for FOPROLOS 3 and 4 beneficiaries, to alleviate financial burden during the initial years of acquisition.
The maximum duration for credit repayment is set at 25 years, provided the beneficiary's age at the end of repayment does not exceed 75 years.

Security Measures:

A mortgage will be established in favor of Banque de l'Habitat, the fund's manager, to guarantee credit recovery and secure the rights of all parties involved in the housing operation.