NHC secures 165bn/- low cost houses

Speaking to the 'Daily News' at the 36th Dar es Salaam International Trade Fair (DITF) on Wednesday, NHC Tenants Relationship Manager, Ms Mectilda Mihayo, said the 15,000 units required a lot of money, which was the only hindering problem.

"We have the money now, we are getting on with the project of building low cost housing units all over the country," she said.She said the type of housing in each region will depend on the needs of individual regions as well as town planning.

"There are other areas and regions that will need high rise houses between one to three storeys or the normal bungalows," she explained.Ms Mihayo said the feasibility study carried out by NHC experts in the whole country will also determine the needs of each region.

"From the feasibility study we will be able to know what kind of housing units are needed in each region and districts," she added. The state-owned real estate developer recently received the largest loan extended to a real developer in the country from nine financial institutions, including Bank ABC, Azania Bank, CRDB, National Microfinance Bank (NMB) EcoBank and Tanzania Investment Bank (TIB).

NHC Corporate Public Affairs Manager, Mr Yahya Charahani, said in Dar es Salaam the state owned real estate developer has more than 600 low cost housing units in various stages of construction.

In Ngano Street and New Bagamoyo road there are 300 low cost housing units under, in Mindu Upanga area, 60 units, Kibanda 220 units and Chang’ombe 80 units.

"All these low cost housing units are part of the 15,000 low cost housing projects," he explained, adding that the loan extended to NHC, apart from building housing units, it will also be spent on purchasing more land for the corporation.

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Author: DAILY NEWS Reporters

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