Namibia’s Minister of Urban and Rural Development Sophia Shaningwa said the cabinet approved that government discounts the selling price for the social houses to ensure that the houses built under the program are affordable to the target group, the low-income earners.
“After the subsidies were introduced, a person earning a minimum of 2,700 Namibian dollars (180 U.S. dollars) will now be able to afford such a house, which costs 70,000 Namibian dollars or a core 5 room house which costs 90,000 Namibian dollars,” she said.
“The subsidies by the government should therefore be viewed as enhancing affordability, and also as a socio-economic empowerment to the home owners,” she added.
Currently, there are about 716 houses that have been completed in various localities and are ready to be disposed of to potential customers.
According to the minister, the number of houses ready for disposal may increase from time to time as contractors complete the construction of 2,655 commenced-but-incomplete houses, which will bring total number of houses to 3 371 housing units under the first phase of the program. Enditem.