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Rezaei Unveils Housing Plan

Citing his experience from the Revolutionary Guards, Mohsen Rezaei outlined his plans for solving Iran’s housing crisis. Rezaei said that he will encourage banks to offer loans on a 10% deposit, and interest payments of up to 18% will be covered by the government as a subsidy, with the mortgage holder only required to pay the price of the house. Rezaei added that with this plan, he can build 2 million houses per year and attract foreign investment to drive the economy forward.

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