NBS unveils houses

NATIONAL Building Society (NBS) has begun unveiling houses to low income earners, hardly a year after it commenced operations.

The building society this week successfully launched the WoodBrook Affordable Housing scheme in Bindura.
“The successful commissioning of this scheme is testimony to the resilience, hard work, commitment and teamwork among all stakeholders involved,” National Social Security Authority (Nssa) chief executive Elizabeth Chitiga said.

The deep-pocketed pensions administrator owns NBS.

“It is quite gratifying to note that the dream of owning a house is no longer lined up in some pipe underground — It is a reality on this very ground that we are standing on. We are building communities through this and many other schemes that will be rolled out nationally,” Chitiga added.

This comes as the country is struggling to supply at least 1,25 million housing units to desperate home-seekers who are on waiting list.

Chitiga noted that while the government has the legislative mandate to avail affordable housing schemes there was an increasing expectation that local authorities will complement their work.

“This expectation has been fulfilled as the Municipality of Bindura has worked tirelessly planning and facilitating that this urban housing project be a success. In this regard the local authority has acted as advocate on behalf of its communities and for this we are very grateful,” she said.

Chitiga, who replaced long-serving executive James Matiza at Nssa, also gave kudos to NBS for availing affordable low income mortgage facilities to the Freda Rebecca employees.

“Your gesture will go a long way in ensuring that the employees and their families access decent accommodation. We applaud NBS for structuring the mortgage plan with a flexible repayment period, low interest rates and minimum monthly instalments that are budget friendly and are tailor made to suit the low income earner,” she said.

The Nssa boss noted that the Public Private Partnerships (PPPs) success was hinged on unreserved commitment of the parties involved and is framed as a panacea for Zimbabwe’s infrastructure and housing challenges.

“PPPs are complex deals that require significant public engagement to ensure that the deal is in the best interest of the community and executed at the highest standard possible,” Chitiga added.

The Bindura housing scheme,   was the second of its kind, in a massive national rollout  which commenced last year with the launch of the Adelaide Park Affordable Housing scheme being the pioneering project.

NBS is also planning to roll out other new projects this year in Chinhoyi, Shurugwi (Magakooshla Estate), Caledonia Estate, Goromonzi, and Masvingo (Victoria Park) among others.

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