Equity loans
Approval for the construction of apartments that are subject to equity loans
Builders planning to build apartments that meet the conditions for financing with equity loans, must enter into a collaboration agreement with HMS and receive pre-approval.
To start working with HMS
A builder registers at HMS by sending an email to
HMS receives the registration and emails in return a contract of the expected collaboration to the builder
The builder informs HMS of their building plans
A consultation meeting between HMS and the builder regarding building plans and housing needs
If the apartments meet the conditions for equity loans, HMS gives the builder their approval and it can be one of two kinds:
Pre-approval for apartments where construction has not begun. HMS is authorized to withdraw pre-approval if the apartments do not meet the conditions for equity loans with regard to size and asking price.
Approval for apartments that are ready or under construction.
The builder advertises apartments that have received approval or pre-approval for sale, with the possibility of an equity loan, and uses HMS's equity loan marketing material (logo).
HMS and the builder have regular meetings where the builder informs HMS of the next 24 months expected construction plans, and HMS informs the builder of housing needs.
Service provider
Housing & Construction Authority