Algiers – In a move expected to significantly ease access to housing for thousands of Algerians, the Local Development Bank (BDL) has officially launched its financing program for subscribers to the ADL 3 housing program.
This initiative removes a major hurdle for many applicants by offering financing options even for those without personal savings or initial down payments. The BDL’s announcement marks a significant step forward in facilitating homeownership under the ADL 3 scheme.
According to a statement by the Director-General of the BDL, Mohamed Moubarek, the financing program is open to all ADL 3 subscribers, regardless of the size of the apartment they have applied for. He emphasized that all BDL branches are ready to receive and process financing applications without exception.
“Our goal is to support citizens in realizing their dreams of owning a home,” stated Mr. Moubarek. “We are committed to providing flexible financing solutions that align with the financial circumstances and repayment capabilities of each applicant.”
The BDL’s initiative is projected to accelerate the acquisition of ADL 3 housing units and alleviate the financial burden on numerous subscribers. This aligns with the government’s commitment to strengthening the social dimension of housing and promoting greater stability for Algerian families. The program reflects a collaborative effort between public authorities and public banks to ensure affordable housing options are accessible to a wider segment of the population.
The ADL 3 program aims to provide affordable housing solutions to eligible Algerian citizens, and the BDL’s financing initiative is a crucial component in achieving this objective.
