Govt encourages home ownership

source: BOPA
18 December, 2009

FRANCISTOWN – Lands and housing minister, Mr Nonofo Molefhi the envisaged installment purchase scheme would only focus on people who are not able to obtain housing loans from commercial banks.

The scheme would target low income groups and other special categories of beneficiaries deserving assistance, Mr Molefhi said in an interview after he toured Botswana Housing Corporation (BHC) projects in Francistowns Gerald Estate recently.

The target group will be the low-income upper as well as middle-income lower groups whose incomes range between P3 000-P7 000 per month.

This represents a category of home seekers who are above the threshold of the SHHA scheme and are below the existing BHC target and have difficulties securing loans to either build or buy houses, Also, Mr Molefhi said the Ministry of Finance and Development Planning will soon introduce a law that [continue reading]

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