| Efforts to address housing shortages |
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| Written by Staff Reporters | |
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The National Housing Enterprise (NHE) and Standard Bank this week signed an agreement aimed at addressing difficulties in accessing houses and home loans. The initiative will assist the marginalized “in the current situation where the demand of housing and land is huge”, said the bank’s Managing Director, Mpumzi Pupuma.
He said there were people living in deplorable housing conditions, poor people facing difficulties in acquiring land and accessing finance to purchase houses adding that the agreement was intended at solving some of these problems.
Pupuma said Standard Bank had realised that there was need to work together when it comes to big projects like this. The bank is committed to driving the housing development initiative to ensure that many Namibians are sheltered in decent homes. “Together with the NHE we are getting closer to that aim by providing finance to a number of qualified clients of NHE. Standard Bank, within the normal guidelines and criteria is today signing a commitment to finance buyers for conventional houses thereby giving them the opportunity to become king of their own castle,” Pupuma said. NHE’s Chief Executive Officer, Vinson Hailulu, said the company has adopted the corporate strategy to increase the number of houses being constructed annually in both urban and rural areas in line with the National Housing Development objectives. The aim of the partnership is for Standard Bank to co-finance NHE housing products especially for people living in marginalized settlements in urban and rural areas. Hailulu said, “The agreement we are signing today will contribute remarkably to the successful implementation of the housing development plan of NHE aimed at providing housing throughout Namibia. It is an endeavour to enable our enterprise to manage the supply value chain in an efficient and effective manner and thereby speeding up the delivery process of housing to the people of Namibia”. |
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