Tororo gets sh5b housing project
Oct 03, 2010
THE construction of a sh5b housing estate in Kasoli slum in Tororo municipality has started.
By Faustine Odeke
and Moses Nampala
THE construction of a sh5b housing estate in Kasoli slum in Tororo municipality has started.
The project is expected to improve the living environment, health and social values of the beneficiaries.
The housing director in the lands ministry, William Walaga, said the beneficiaries will be required to pay 10% of the total house cost over a 15-year period in order to own the houses.
He added that the Government had surveyed the land and would hand over the documents to DFCU bank, that will in turn hand them over to the beneficiaries upon payment of the loan.
Walaga said the pilot project, run under the low-cost mortgage initiative, is funded by UN-HABITANT, DFCU bank, the Government, Tororo municipal council and Kasoli Savings and Credit Group.
He was speaking during the launch of a steering committee that will oversee the implementation of the project. as agreed in the business plan.
and Moses Nampala
THE construction of a sh5b housing estate in Kasoli slum in Tororo municipality has started.
The project is expected to improve the living environment, health and social values of the beneficiaries.
The housing director in the lands ministry, William Walaga, said the beneficiaries will be required to pay 10% of the total house cost over a 15-year period in order to own the houses.
He added that the Government had surveyed the land and would hand over the documents to DFCU bank, that will in turn hand them over to the beneficiaries upon payment of the loan.
Walaga said the pilot project, run under the low-cost mortgage initiative, is funded by UN-HABITANT, DFCU bank, the Government, Tororo municipal council and Kasoli Savings and Credit Group.
He was speaking during the launch of a steering committee that will oversee the implementation of the project. as agreed in the business plan.