Affordable Housing Plan by KOLDC
November 12, 2024
The Cyprus Land Development Corporation (KOLDC) plans to provide 2,500 residential units over the next five years to support middle-class families struggling to secure housing. These units will be distributed through programs like 'Affordable Housing' and 'Renovate and Rent'. The main challenges include high housing prices and collaboration with the private sector. KOLDC's incentives aim to reduce prices by 30% compared to current market rates.