Namibia Implements Housing Subsidy Program
From News 24
The Namibian government will subsidize its national mass housing project of 185 000 units with up to 60% of the price for low-income earners, President Hifikepunye Pohamba announced on Friday.
“Subsidies for different categories of houses provided by government under this programme range from 60% to 50% of costs of a house,” Pohamba said at a handing over of 65 houses to beneficiaries at Oshakati in north-central Namibia.
“Thousands of our people need houses as a matter of urgency and we are determined to address the housing backlog.”
Early last year Pohamba established a national mass housing committee chaired by him to embark on the programme, which kicked off a year ago.
Around 45 000 houses will be constructed countrywide until 2030 with a total budget of 45 billion Namibian dollars. It is the largest project undertaken by the government.
Details about subsidies for low-income earners have to date not made public.
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