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Cabinet approves rent subsidy fund decree

Cabinet approves rent subsidy fund decree

The Cabinet has approved the draft decree to establish the rent subsidy fund issued by the Ministry of Finance (MoF). The fund subsidizes tenants under the old rent law who are unable to pay the fair value of their leases.

The government allocated $133 million for this fund in the last three years.

The fair lease value of apartments is four percent of an apartment’s value, as"...