Mash Central earmarked to benefit from low cost housing facility

MASHONALAND Central province is set to benefit from a low cost housing facility which is set to be provided by Pan African financier, Shelter Afrique.
Government is working to ensure an US$11 million facility provided by Pan African housing financier, Shelter Afrique is efficiently utilised to ease the housing backlog and move towards the NDS1 target of 220 thousand housing units.
“We’ve had quite a few private institutions that have applied for these funds and we are very grateful as a ministry that they have been accorded the opportunity to access these funds,” said Hon. Yeukai Simbanegavi, the Deputy Minister of Housing and Social Amenities
Beneficiary of the loan facility BancABC is keen on investing in Bindura and Mvurwi.
“We are also looking for a developmental impact that’s why we have been engaging the Ministry of National housing because we are looking for space were we contribute to reducing the backlog in housing not only in Harare,” said Tinashe Zihanzu BancABC Senior Manager Investment Banking
Mashonaland Central with a target of 15 thousand housing units has pledged to avail land with title deeds for the programme.
“Demand for shelter is growing by each day not only in our province but the country as a whole,” said Senator Monica Mavhunga, Minister of State for Provincial Affairs and Devolution.

The loan facility will help restore mortgage lending which is currently low on the market.
This year treasury allocated one billion 350 million dollars towards housing development.