PIC tasks NHC to speed   up debts collection

THE Public Investment Committee (PIC) has directed the National Housing Corporation (NHC) to speed up debt collection from defaulting debtors so that it can smoothly implement large scale projects.

PIC Committee Chairman, Jerry Silaa, said until December 2021 tenants owed the public real estate a total of 26bn/-.

In a media briefing over the weekend, the committee chairman said despite the good work being done by the corporation the speed of recovering the money must be increased.

Moreover, the committee was satisfied with the implementation of its directives issued to NHC including pursuing the implementation of NHC Kawe City and NHC Morocco Square Residential Tower projects after stalling for a number of years.

NHC has come up with strategies that the committee finds constructive and good such as using profits to make investments, which the committee approved.

Dr Sophia Kongela, NHC board chairperson, said the committee issued to them a number of directives, including building houses at low cost to ensure ordinary Tanzanian could purchase.

Nehemia Mchechu, the director general, said that debts were being collected, adding that the corporation was working on securing low interest loans to finance the construction of relatively affordable houses.

He said apart from housing projects being implemented in Dodoma region and at Kawe in Dar es Salaam, a big plan would soon be launched involving the implementation of Samia Housing Scheme. The project will involve construction of apartments targeting medium salaried individuals.

Related Articles

Back to top button