Rwanda: New Govt Initiatives Will Attract More Investors in Affordable Housing – RHA

Apr 26, 2017 | The New Times; All Africa

The government is collaborating with developers and other stakeholders to bring down the cost of decent homes.

How can Rwanda deliver more affordable housing units and ensure low and middle-income earners acquire decent homes in the medium-term? This question becomes more pertinent particularly as the country's urban population continues to grow rapidly while few houses are being delivered for this market segment. However, the Rwanda Housing Authority (RHA), city authorities and other stakeholders say there is no cause for alarm "as there are new initiatives in the pipeline to bring more housing units on the market particularly affordable homes. Leopold Uwimana, the affordable housing division manager at the Rwanda Housing Authority, said the government is, for instance, collaborating with developers and other stakeholders to bring down the cost of decent homes. He said they are working with Ministry of Local Government, districts, Rwanda Development Bank, and Rwanda Development Board to co-ordinate and attract investments into the sector. He added that affordable housing developers and sector investors benefit from a range of incentives, including tax waivers, noting that the government supports them with basic facilities, like electricity, water, sewage, roads and other essential needs. Uwimana said that an affordable housing development fund will also be put in place. The initiative, he said, will enable investors in affordable housing get low interest loans; buyers, too, will access mortgages at low interest. Read more on All Africa. Source: All Africa