{"id":9981,"date":"2022-07-08T17:22:07","date_gmt":"2022-07-08T17:22:07","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/bhc-plans-to-build-more-low-income-apartments"},"modified":"2022-07-08T17:46:57","modified_gmt":"2022-07-08T17:46:57","slug":"bhc-plans-to-build-more-low-income-apartments","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/bhc-plans-to-build-more-low-income-apartments","title":{"rendered":"BHC Plans to Build More Low Income Apartments"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>Botswana Housing Corporation (BHC) is happy with the uptake of its low income Tsholofelo projects and has a plan to build similar apartments in Gaborone Block 7, Acting Chairman Moemedi Gabana and General Manager Pascaline Sefawe, have said.<\/b><\/p>\n

Most of the apartments Tsholofelo West and Tsholofelo East have been bought, hence BHC is encouraged to build more for this market category.<\/p>\n

\u201cAn additional 114 units of a similar type will be built in Gaborone,\u201d Gabana and Sefawe say in BHC\u2019s audited financial results for the year that ended 31 March 2022 released recently. \u201cThe Corporation plans to start 1068 units in Gaborone, Francistown, Maun, Kazungula, Pilane and Letlhakane during 2022\/23 financial year.\u201d<\/p>\n

They say BHC will pursue its strategy to diversify revenue streams despite both management income and professional fees being challenged by prevailing economic conditions that have seen its major client, the government, curtailing spending.<\/p>\n

\u201cThe Corporation intends to significantly increase the facilities management income stream by undertaking more third-party maintenance projects,\u201d they note. \u201cThe Corporation is confident that once the economy improves, professional fees income stream will start growing as some of the suspended third party projects would be undertaken.\u201d<\/p>\n

BHC saw its profit increasing from P1 million in the prior year to P64 million for the year under review. Gabana and Sefawe attribute this significant increase in profitability to high rental revenue, high sales of investment properties that generated a high average margin of 65 percent and impairment reversals.<\/p>\n

They noted that rental revenue increased by 15 percent to P240 million from P209 million recorded in the prior year. \u201cThe increase was mainly due to the second-year rental adjustment of the on-going five years\u2019 rental increase to get to 80 percent of market rate,\u201d they explain.<\/p>\n

\u201cNew properties were also added to investment properties portfolio. During the period under review, rental revenue surpassed sales revenue as the major revenue stream for the Corporation. The total rental stock at the end of the reporting period was 9 901 units and these units are rented to house Batswana across the country.\u201d<\/p>\n

During the period under review, BHC delivered 672 houses under the Self-Help Housing Agency (SHHA) scheme. \u201cAt the end of the financial year, 459 SHHA houses were at different stages of construction and are all expected to be delivered in the next financial year,\u201d Gabana and Sefawe say in the report.<\/p>\n

\u201cIn the 2022\/23 financial year, 301 additional houses will be started under this scheme across different constituencies.\u201d<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. Botswana Housing Corporation (BHC) is happy with the uptake of its low income Tsholofelo projects and has a plan to build similar apartments in Gaborone Block 7, Acting Chairman Moemedi Gabana and General Manager Pascaline Sefawe, have said. Most of the apartments Tsholofelo West and Tsholofelo East have been bought, hence BHC […]<\/p>\n","protected":false},"author":84,"featured_media":9980,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8,16],"tags":[233,237,234],"class_list":["post-9981","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nBHC Plans to Build More Low Income Apartments - Botswana<\/title>\n<meta name=\"description\" content=\"Botswana Housing Corporation (BHC) is happy with the uptake of its low income Tsholofelo projects and has a plan to b ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/bhc-plans-to-build-more-low-income-apartments\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BHC Plans to Build More Low Income Apartments\" \/>\n<meta property=\"og:description\" content=\"Botswana Housing Corporation (BHC) is happy with the uptake of its low income Tsholofelo projects and has a plan to b ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/bhc-plans-to-build-more-low-income-apartments\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-08T17:22:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-08T17:46:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/07\/postQueueImg_25-62c86d79c1504.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"370\" \/>\n\t<meta property=\"og:image:height\" content=\"315\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bhc-plans-to-build-more-low-income-apartments#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bhc-plans-to-build-more-low-income-apartments\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"BHC Plans to Build More Low Income Apartments\",\"datePublished\":\"2022-07-08T17:22:07+00:00\",\"dateModified\":\"2022-07-08T17:46:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bhc-plans-to-build-more-low-income-apartments\"},\"wordCount\":416,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bhc-plans-to-build-more-low-income-apartments#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/07\/postQueueImg_25-62c86d79c1504.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/bhc-plans-to-build-more-low-income-apartments#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bhc-plans-to-build-more-low-income-apartments\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bhc-plans-to-build-more-low-income-apartments\",\"name\":\"BHC Plans to Build More Low Income Apartments - 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