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Home Budget

Namibia to roll out affordable housing project

Staff by Staff
July 3, 2020
in Budget, Construction, Government, Housing, Inclusion, Namibia, Social
Reading Time: 1 min read
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Namibia is rolling out an affordable housing project, aiming to construct 600 houses in informal settlements in the capital Windhoek, Minister of Urban and Rural Development Erastus Uutoni said on Thursday.

Speaking at a launch event, he said the idea by the Namibian government is not only targeting low-income earners, but eventually it would also target middle-income earners.

“We are hoping to see the first batch of homes to be made available by November this year,” the minister said.

Also read: Namibian commercial bank reduces lending rate to new historic low

The City of Windhoek’s project coordinator Samuel Haraseb said the project forms part of the vision of the Harambee Prosperity Plan, and seeks to address the 84,000 housing backlog in Windhoek.

He said the first phase is looking at delivering 600 houses, with the first 200 to be delivered by the end of 2020, with the 400 to be made available in June 2021.

Source: Xinhuanet

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Tags: housinglow-incomemiddle incomemiddle-classNamibiaNamibia to roll out affordable housing projectsocial equitySocial Housingsocial projectsнамибияناميبياナミビア纳米比亚
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