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The Standard | Online Edition :: Sh4.8 billion boost for low cost housing

The Standard Online Edition :: Sh4.8 billion boost for low cost housing

Published on 07/08/2008
By Lucianne Limo
The Government has set aside Sh4.8 billion for the construction of affordable houses.
Housing Minister Soita Shitanda said the Government had committed to funding the National Housing Corporation (NHC) to build houses.
He also said Sh1.5 billion had been released to NHC this financial year to build affordable houses.
Soita said there is an annual deficit of 120,000 housing units. He said 150,000 housing units were needed every year, but the Government could only construct 30,000 units.
He was speaking at Lang’ata estate, Nairobi, during a groundbreaking ceremony for the construction of Lang’ata Phase III housing project at a cost of Sh350 million.
The project consists of 110 three-bedroomed houses, expected to be complete by April 30 next year.
NHC chairman Bosire Ogero said the provisional selling price for Phase III would range between Sh4.5 million and Sh5 million. Last year, th…

Italy to build 20,000 low cost homes - International Herald Tribune

Italy to build 20,000 low cost homes - International Herald Tribune

ROME: The government of Prime Minister Silvio Berlusconi introduced a multibillion-euro national housing plan for Italy on Wednesday, aimed at stimulating the economy after almost a decade of low growth.
About 20,000 new homes would be built for families on the cusp of poverty next year, Finance Minister Giulio Tremonti said. Italy is set to spend as much as €7 billion, or $11 billion, to build 100,000 units for low-income households with rents as low as €300 for about 50 square meters, or 538 square feet, of space.
The housing plan is directed as aid to consumers whose spending drives two-thirds of a $2.2 trillion economy and are struggling to cope with inflation and rising mortgage rates. Household confidence slumped this month to the lowest since 1993 as record food, housing and energy prices erode purchasing power.
Berlusconi's first act after taking office this month was to abolish a local property tax on first h…

SABCnews.com - Housing backlog a time bomb

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SABCnews.com - africa/west_africa

Housing summit to tackle growing slums in Africa
The conference seeks to find solutions for the growing number of slums across Africa July 28, 2008, 17:30

Adel van Niekerk, AbujaDelegates to a housing conference in the Nigerian capital are deliberating on how best to eradicate the continent's growing slums. Housing ministers from across the continent and representatives of international aid organisations have converged on Abuja as part of the second African Ministerial Conference on Housing and Urban Development.
With more than 70% of the continent's urban residents staying in slum areas, delegates are faced with an enormous challenge. They say the continued influx of people into Africa's cities and the pressing need to address the escalating housing needs of the poor is becoming more urgent.
The body was created in 2005 and South Africa has been chairing it ever since. South African Housing Minister Lindiwe Sisulu says the lack of proper housi…