The state’s grand plans for affordable housing are underway.
With land and construction prices rising, securing a home for many of Penang’s residents can be an uphill task. This is ever more so for public housing and affordable housing, where the demand greatly outstrips the supply.
Proactive measures like the inception of the Public and Affordable Housing Fund with an initial RM500mil grant and the formation of the Selection Process Enhancement Committee (SPEC) in Penang to streamline the selection process for public housing applicants in 2013 were undertaken with the aim of helping lower and middle-income individuals acquire a home.
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