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€12 Million to KOAG for Affordable Housing in Strovolos

Published December 29, 2025, 12:21
€12 Million to KOAG for Affordable Housing in Strovolos

An agreement was signed between the Ministry of Interior and the Cyprus Land Development Organization (KOAG) for the provision of additional funding of €12 million. 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 agreement follows the Council of Ministers' decision to strengthen KOAG and the state's housing policy. The Christodoulides government has upgraded the role of KOAG, assigning it the implementation of housing plans. Affordable housing projects are already underway in Limassol, and the construction of an additional 258 units is planned within 2025.