Govt launches home ownership scheme

07 Nov, 2015 - 00:11 0 Views

The Herald

Innocent Ruwende Municipal Reporter
GOVERNMENT is identifying suitable land to service high-density stands, which will be serviced and sold at affordable prices to low-income earners including civil servants, Local Government, Public Works and National Housing Minister Saviour Kasukuwere has said.

Speaking at the launch of the Home Ownership Scheme at Pomona-Wingate Heights Housing Project in Harare yesterday, Minister Kasukuwere said his ministry was also going to repossess state land that was allocated to private land developers and cooperatives, which has not been serviced over a long period of time.

“We are disheartened by the activities of the majority of housing cooperative chairpersons, land developers, housing trusts and some individuals who have a tendency of indiscriminately parcelling out any open space belonging to the State, council or in the private hands.

“They have proceeded to dispose of those pieces of land to unsuspecting home-seekers through dubious means, thereby becoming the authorities unto themselves, and the majority of them are abusing the name of the party (Zanu PF) in those shoddy deals,” he said.

Minister Kasukuwere said Government had introduced the Home Ownership Scheme, which would see it build high rise flats and service land for sale to people on the housing waiting list to reduce the housing backlog of 1,25 million housing units.

“Local authorities are expected to adopt and adapt the scheme and implement the same in their areas of jurisdiction. The prospective beneficiaries will make their contributions to the banks and their funds used to construct houses/flats and service stands.

“Government is through this noble endeavour, trying to restore the saving culture within our populace and at the same time restoring and building confidence and stability in the financial services sector in sync with the ten point plan announced by the President of the Republic of Zimbabwe, President Mugabe in his state of the nation address,” he said.

He said at the up market Wingate Heights site the ministry would service stands with requisite infrastructure such as water and roads and sell to those who can afford the terms.

Minister Kasukuwere said in Dzivarasekwa Extension, 984 flat units would be constructed, 464 flats units in Tafara and 880 flat units in Prospect.

He said CBZ Bank and Infrastructural Development Bank would assist in resource mobilisation and account management where prospective beneficiaries were expected to pay their contributions through CBZ.

“I am reliably informed that IDBZ has secured a window with the Reserve Bank of Zimbabwe that enables them to raise $100 million low to medium income housing bond, on the market.

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