Namibia Implements Housing Subsidy Program

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.

Read more at News 24