In terms of housing, the government is presenting an initial assessment deemed convincing. Presenting the main orientations of the 2026 Finance Bill (PLF) before both Chambers on Monday, October 20, Nadia Fettah Alaoui, Minister of Economy and Finance, stated that more than 68,000 families had benefited, between January 2024 and mid-October 2025, from the direct aid program for the purchase of a primary residence, for a total amount exceeding 5.6 billion dirhams.
A figure that, according to the minister, confirms the scale of the demand and the relevance of a mechanism designed to stimulate homeownership in a still-recovering real estate market. The model, based on direct aid to households rather than subsidies to developers, marks a deliberate break from the old social housing policy.
But after an initial phase of implementation, the government aims to correct certain flaws and better regulate the use of public aid. The 2026 Finance Bill maintains the same spirit of equity and accessibility but introduces important adjustments, particularly regarding the conditions for releasing the mortgage, eligibility criteria, and control mechanisms.
This revision, presented as a technical adjustment, in fact reflects a broader ambition: to strengthen confidence in a system intended to become a lasting pillar of housing policy.
Stronger legal framework
The 2026 Finance Bill modifies and supplements Article 8 of the 2023 Finance Law, which had established this direct aid. The first major change concerns the mortgage release procedure, now governed by specific conditions. The text stipulates that the beneficiary may only release the property’s lien after five years of actual occupancy, unless they fully reimburse the amount of the aid to the state.
This measure aims to discourage quick resales and ensure that subsidized properties are used as primary residences, not as real estate speculation products.
The mechanism also introduces a mandatory justification procedure. Beneficiaries will be required to submit a complete file for any mortgage release request, including a copy of the sales contract, the national ID card showing the property’s address, a residence certificate, and receipts for local tax payments. These documents, which already existed in the original 2023 version, are now incorporated into the law to give them binding authority.
This legal reinforcement is accompanied by an explicit reference to an implementing decree, expected in the first quarter of 2026, which will specify the technical procedures for mortgage release and the roles of notaries and land registry services in monitoring transactions. The objective is to better trace the life cycle of subsidized housing and prevent fraud related to resales or false declarations of primary residence.
New beneficiary profiles
Another change introduced by the 2026 Finance Bill is the expansion of the population eligible for the program. For the first time, co-owners will be able to benefit from direct aid, provided they meet the same criteria as other beneficiaries: being of Moroccan nationality, not having already benefited from a similar advantage, and not owning a property used for housing.
But this opening comes with safeguards. In the event of the property being sold before five years or of non-occupancy, the co-owners will be required to collectively reimburse the amount of the aid. The text thus establishes joint liability among beneficiaries to ensure that the expansion of the program does not weaken its framework of financial discipline.
Maintain focus
On the budgetary front, the 2026 Finance Bill makes permanent the envelope allocated to direct aid, without changing its amounts or structure. The text reaffirms the state’s commitment to mobilize the necessary funds to maintain the program’s momentum. According to the presentation note, expenditures related to housing and urban development are expected to exceed 6 billion dirhams, confirming housing as one of the government’s social priorities.
This policy is part of a targeted recovery approach based on support for domestic demand. By stimulating home purchases, the Executive hopes to consolidate the recovery observed in 2025, marked by a 35% increase in the number of beneficiaries in the first half of the year compared to 2024. Available data also show a rebound in employment in construction and building materials—two sectors directly boosted by the program.
Finally, the 2026 Finance Bill situates this policy within the broader framework of fiscal and social reform. Direct housing aid is now linked to the Unified Social Register (RSU), ensuring better identification of beneficiary households and improved coordination with other social support mechanisms. This integration marks a step toward a more targeted aid model, where demand-side subsidies gradually replace incentives granted to property developers.
In accordance with Article 8 of the 2026 Finance Bill, the government is maintaining the direct aid program for the purchase of a primary residence while adapting certain provisions to enhance its clarity and rigor. The text specifies that the new measures—particularly those concerning mortgage release conditions and the extension of aid to co-owners—will take effect on January 1, 2026. It also stipulates that an implementing decree will set out the procedures for executing the program, especially those governing the mortgage release process.
As a reminder, the amount of direct aid granted by the state varies according to the property’s sale price. A subsidy of 100,000 dirhams is provided for the purchase of a property priced at or below 300,000 dirhams (tax included), while support of 70,000 dirhams is granted for homes priced between 300,000 and 700,000 dirhams (tax included).
Written in French by Younes Saoury, edited in English by Eric Nielson
