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€12 Million for KOAG to Build Affordable Housing in Strovolos

Published December 29, 2025, 12:20
€12 Million for KOAG to Build Affordable Housing in Strovolos

The Ministry of Interior and the Cyprus Land Development Organization (KOAG) signed an agreement today for the provision of additional funding of €12 million to KOAG. This funding will be used for the construction of 54 two-bedroom apartments in the Municipality of Strovolos, which will be allocated to eligible beneficiaries of affordable housing. The project is part of the state's comprehensive housing policy, aiming to increase the housing stock and provide affordable homes. The Christodoulides government has reactivated KOAG, assigning it a significant role in the implementation of housing plans. Other affordable housing projects are also underway, such as the one in Agia Nikolaos in Limassol, and the construction of an additional 258 units is planned.