Major boost for housing development
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Loading... - Sarah Muema
- 01 Aug 2022
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Government will deploy the US$25 million sovereign credit facility secured from pan-African housing development financier Shelter Afrique towards the construction of 3 000 housing units countrywide.
At least 300 units will be developed in each of the 10 provinces starting this year.
In an interview on the margins of last week’s 41st Shelter Afrique annual general meeting and symposium in Victoria Falls, National Housing and Social Amenities Minister Daniel Garwe said “the money is already there.”
“Instead of focusing on funding through private companies, Shelter Afrique is now targeting to provide funding through governments and Zimbabwe is one of the first beneficiaries of that facility,” said Minister Garwe.
“We have already put in place development plans throughout our ten provinces.
“We think the money that we have applied for will assist us in developing our construction plant for alternative materials and construct 3 000 units throughout the country.
“We have said every province must get at least 300 units.” He said development of the houses will have commenced by year end.
The initiative, said Minister Garwe, will run concurrently with other housing development programmes being implemented under the National Development Strategy 1(NDS1).
Government plans to facilitate development of 200 000 housing units by 2025. Read More…
