The allocation of 15% of the new casino`s revenue, as soon as it becomes operational, to the Cyprus Land Development Corporation for the promotion of its housing policy projects was agreed today at a meeting at the Presidential Palace, chaired by Cyprus President Nicos Anastasiades, on the issue of housing policy, according to a written statement issued by Government Spokesperson Marios Pelekanos.
CLDC, whose budget for 2022 will rise to 11.6 million euros from about 3 million euros in 2021, plans to build more than 800 housing units in the coming years, which will be allocated either through the affordable housing plan or through the new affordable rent plan for economically vulnerable households.
Source: Cyprus News Agency