The Ministry of National Housing and Social Amenities is reportedly rolling out a massive project to construct 200 000 affordable houses before 2023 and it has already started developing 2 200 stands in Norton on KockMallock estate in partnership with private sector partners, The Herald reports.
According to the publication, roads are currently being tarred, sewer pipes being laid out, and foundations of the first batch of three-bedroomed houses are under construction.
Shelter Afrique, a Pan-African bank, has reportedly availed a US$65 million facility to fund the project through building societies and the Urban Development Corporation (Udcorp).
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Speaking about the project, National Housing and Social Amenities Minister Daniel Garwe said:
We need houses that are affordable in terms of rents, procurement and in terms of rent-to-buy. We want to provide social housing to Zimbabweans and we have covered a lot of ground in preparation and we have spoken to the private sector as well.
Government does not have all the money that is required to ensure these programmes become a success. But it has got land and we have said to the private sector, ‘why don’t you bring your financial resources and we will avail the land?
Financial institutions like POSB, CABS and FBC have reportedly come on board on the project.
More: The Herald