ISKANDAR PUTERI: Johoreans who were rejected by banks can now turn to a new housing loan scheme introduced by the state government for first-time homeowners. Mentri Besar Datuk Mohamed Khaled Nordin said the scheme was expected to help at least 4,000 applicants of Johor’s affordable housing scheme (RMMJ) buy homes costing up to RM150,000. As of July, about 24,000 RMMJ housing offer letters had been given out to those eligible but unfortunately, he said, almost 9,000 failed to obtain a loan approval from banks. He added that the new loan scheme was also introduced to assist small-time business owners, contract employees and those with inconsistent salaries, as they too had the right to own a house. He said the state government would collaborate with more parties to make affordable housing accessible to more people.

Source: The Star September 13, 2016 22:07 UTC