The Housing Finance Corporation finished drafting rules for the Government's 100,000 Apartments program.

According to the draft of rules, eligible first-time home buyers can obtain 25-year loans at a 6 percent interest rate from commercial banks. Apartments purchased under the program must be smaller than 50-square meters. The loan program will be implemented after a list of eligible apartments is completed. The government still must decide on a separate program that would give free land to people on lower incomes.