Philenews

President Announces Reactivation of KOAΓ with 1,000 Affordable Housing Units

Published January 12, 2026, 11:22
President Announces Reactivation of KOAΓ with 1,000 Affordable Housing Units

The President of the Republic, Nikos Christodoulides, announced the reactivation of the Cyprus Land Development Organization (KOAΓ) with the aim of constructing 1,000 affordable rental housing units. This move is part of the government's policy to address the housing crisis and demonstrates the government's willingness to deliver measurable results. KOAΓ will receive financial support from the state and be granted executive powers to expedite project implementation.