Algeria Advances Affordable Housing with Landmark Financial Agreement for AADL 3

BY: Dr. Hana Saada

Algiers, Algeria | January 06th, 2024 — Algeria has taken a decisive step forward in its ambitious housing policy with the signing of a financial agreement for the implementation of the AADL 3 program. On Monday, January 6, 2025, the National Housing Bank (BNH) formalized a strategic convention with six leading public banks to initiate the first phase of the large-scale residential project aimed at constructing 200,000 affordable housing units across the country.

This pivotal agreement, revealed by AADL in an official statement, brings together key financial institutions, including the National Savings and Reserve Fund (CNEP), the National Bank of Algeria (BNA), the External Bank of Algeria (BEA), the Bank of Agriculture and Rural Development (BADR), the Popular Credit of Algeria (CPA), and the Local Development Bank (BDL). The collaboration signifies a unified financial commitment to addressing Algeria’s pressing housing needs.

The AADL 3 program, a cornerstone of Algeria’s social housing initiatives, is designed to provide affordable homeownership opportunities for citizens while simultaneously stimulating the national economy. The financial model outlined in the agreement introduces an innovative funding mechanism, with 62% of housing costs being covered by the partner banks, while the remaining 38% will be paid by beneficiaries in five staggered installments over five years. This balanced approach ensures accessibility for middle-income families while maintaining financial sustainability.

The financial framework of the AADL 3 program is anchored in Executive Decree No. 24-203 of June 25, 2024, which amends the foundational Decree No. 01-105 of 2001 governing the conditions for purchasing housing through a rent-to-own system. The decree reflects Algeria’s commitment to expanding homeownership through transparent and regulated financial mechanisms.

Beyond meeting the increasing demand for affordable housing, the AADL 3 initiative aims to reduce the national housing deficit, modernize urban infrastructure, and contribute to local economic development through job creation and infrastructure expansion. The initial phase’s target of 200,000 units underscores the program’s scale and its alignment with Algeria’s broader socio-economic strategies.

About Dzair Tube Media Group

Dzair Tube has firmly positioned itself as a leading force in Algerian digital journalism, delivering a rich and diverse array of content. Available in Arabic, French, and English, Dzair Tube captivates a broad audience, drawing over half a million daily clicks.

The platform’s excellence was notably recognized with the prestigious President of the Republic’s Award for Professional Journalist in the Electronic Press category on October 22, 2022. This accolade underscores Dzair Tube’s steadfast commitment to the highest journalistic standards.

Dzair Tube’s substantial online footprint includes 350,000 YouTube subscribers, over six million followers across various Facebook pages, and 450,000 Instagram followers. The digital channel serves as a nexus for a wide range of programming, spanning news, sports, entertainment, culture, and religion, catering to a diverse audience.

Boasting cutting-edge studios and advanced technology, Dzair Tube’s digital channel has attracted a significant viewership with its varied programs. It facilitates interactive discussions with key figures from various sectors, promoting public discourse and engagement. Beyond news, Dzair Tube excels in producing marketing documentaries, short TV commercials, and high-viewership shows.

The print edition of Dzair Tube’s sports newspaper, “Dzair Sport,” further attests to the platform’s influence, with over 50,000 daily downloads from the official Dzair Tube website.

Awarded the Media Leadership Award by the Minister of Communication, Mohamed Laâgab, Dzair Tube continues to shape the Algerian digital media landscape, maintaining its position of influence and impact. Additionally, Dzair Tube’s prominence in Algeria’s media scene was celebrated at the ninth edition of the “Hilals of the Television” competition, solidifying its status as a media leader.

Stay Connected with Dzair Tube