Arusha - Minister for Lands, Housing and Human Settlements Development - William Lukuvi has called NMB Bank to join forces with National Housing Corporation (NHC) and construct affordable houses for Tanzanians.
“The process of acquiring a building plot and a building permit takes very long and could at times be a frustrating one, it is my hope that the system will help address the nightmare that Tanzanians have to grapple with when thinking of a owning their houses,” said the Minister at the weekend at a ‘Nyumba Day Expo’ organized by NMB Bank
The Minister emphasized that the government had disbursed 421bn/- to financial institutions through the Mortgage Finance Act of 2008 with a view of improving the lives of Tanzanians, specifically in providing them with adequate housing.
Mr Lukuvi was speaking at the Nyumba day event organized by NMB Bank aimed at creating awareness on the bank’s mortgage financing in Arusha
“What the government has given to financial institutions is 300 times more than what NMB has allocated for mortgage, this has to be reflected on the kind of houses that will be owned by Tanzanians,” suggested the minister.
“The process of acquiring a building plot and a building permit takes very long and could at times be a frustrating one, it is my hope that the system will help address the nightmare that Tanzanians have to grapple with when thinking of a owning their houses,” said the Minister at the weekend at a ‘Nyumba Day Expo’ organized by NMB Bank
The Minister emphasized that the government had disbursed 421bn/- to financial institutions through the Mortgage Finance Act of 2008 with a view of improving the lives of Tanzanians, specifically in providing them with adequate housing.
Mr Lukuvi was speaking at the Nyumba day event organized by NMB Bank aimed at creating awareness on the bank’s mortgage financing in Arusha
“What the government has given to financial institutions is 300 times more than what NMB has allocated for mortgage, this has to be reflected on the kind of houses that will be owned by Tanzanians,” suggested the minister.
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