BHC Targets Low-Income Market

source: allAfrica
Mmegi/The Reporter (Gaborone)

March 19, 2007
Posted to the web March 19, 2007

Stryker Motlaloso

The Botswana Housing Corporation (BHC) is poised to introduce a new housing purchase scheme to tap into the low-income market, Lands and Housing Minister Ramadeluka Seretse has said.

He asserted that the market is not currently attractive to financial institutions and the new scheme will for the first time target home buyers aged between 18-45 years. The scheme is open to all citizens.

Presenting budget estimates for his ministry this week, Seretse said the BHC intends to introduce a new instalment scheme after the termination of the suspended Tenant Purchase Scheme.

Figures he presented on housing show that the BHC has completed a total of 638 houses – Gaborone (379), Kasane (62), Palapye (53) Maun (24) and 120 in Tlokweng. Seretse said the target for this financial year is to build 700 houses. “Housing construction is presently ongoing in Gaborone (213), Maun (75) Palapye (71) Selebi-Phikwe (80) and Ga-Phatswa (166),” said Seretse.

Meanwhile, BHC Communications Manager Mookodi Seisa explained [continuer reading]

  1. Mary Sekeseke

    would like to buy bhc house in Gaborone, how much and what area

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