{"id":45415,"date":"2023-06-23T17:09:41","date_gmt":"2023-06-23T17:09:41","guid":{"rendered":"https:\/\/www.africa-press.net\/rwanda\/all-news\/projects-in-pipeline-to-build-15000-affordable-houses-within-six-years"},"modified":"2023-06-23T17:26:20","modified_gmt":"2023-06-23T17:26:20","slug":"projects-in-pipeline-to-build-15000-affordable-houses-within-six-years","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/rwanda\/economy\/projects-in-pipeline-to-build-15000-affordable-houses-within-six-years","title":{"rendered":"Projects in pipeline to build 15,000 affordable houses within six years"},"content":{"rendered":"

Africa-Press – Rwanda. <\/strong><\/span>The projects that are in the pipeline could help have 15,000 affordable houses built within six years across the country, Rwanda Housing Authority (RHA) acting Director General, Noel Nsanzineza told The New Times.<\/p>\n

He said investors have been urged to embrace technologies that can be used to construct houses that are also affordable to low-income earners.<\/p>\n

\u201cThe cost of an affordable house should not be more than Rwf40 million or Rwf500, 000 per square metres. This means that a Rwf40 million house should sit on 80 square metres. In order to have affordable houses below this amount, there is a need for different technologies,\u201d he said.<\/p>\n

Out of 15,000 houses expected in six years, he said, 1,800 houses have recently been completed.<\/p>\n

\u201cThere are other houses under construction. In the next two years, we hope to have 4,000 houses constructed. They will gradually increase because investors are still few,\u201d he said.<\/p>\n

Nsanzineza said that the government is establishing a land bank -a practice of purchasing and holding undeveloped land for investors interested in affordable housing in the future.<\/p>\n

\u201cThis land will be given as an incentive to an investor who can build over 2,000 affordable houses within only three years,\u201d he said.<\/p>\n

Nsanzineza said the incentive is in addition to a $150 million fund that is providing mortgage loans at 11 per cent interest rate.<\/p>\n

He said that investors are still few considering the number of affordable houses needed every year.<\/p>\n

For instance, The City of Kigali needs to build 18,000 affordable houses per year in order to meet the accommodation demand from its residents, its Mayor Pudence Rubingisa recently said.<\/p>\n

He, however, indicated that only 1,800 affordable houses were built in the last three years.<\/p>\n

Rwanda Housing Authority (RHA) has earmarked 6,100 hectares where the private sector will construct affordable houses as part of the 30-year plan to fix Kigali\u2019s shortage of affordable homes.<\/p>\n

A separate social rental programme (rent and rent to own scheme) is being designed to facilitate access to decent housing for low and extremely low-income earners.<\/p>\n

In Kigali, according to data from The National Institute of Statistics, around 54 per cent of inhabitants are low-income people who earn between $38.0 and $225 per month.<\/p>\n

Around 13 per cent of them earn less than $38 per month.<\/p>\n

The middle-income group represents 21 per cent of inhabitants whose monthly incomes range between $225 and $678.<\/p>\n

Generally, he said, the housing market has largely targeted high-income households, which represent less than 12 per cent of all urban dwellers.<\/p>\n

Source: The New Times<\/b><\/p>\n

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

Africa-Press – Rwanda. The projects that are in the pipeline could help have 15,000 affordable houses built within six years across the country, Rwanda Housing Authority (RHA) acting Director General, Noel Nsanzineza told The New Times. He said investors have been urged to embrace technologies that can be used to construct houses that are also […]<\/p>\n","protected":false},"author":84,"featured_media":45414,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[760,763,758],"class_list":["post-45415","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-rwanda","tag-rwanda"],"yoast_head":"\nProjects in pipeline to build 15,000 affordable houses within six years - Rwanda<\/title>\n<meta name=\"description\" content=\"The projects that are in the pipeline could help have 15,000 affordable houses built within six years across the country ...\" \/>\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\/rwanda\/economy\/projects-in-pipeline-to-build-15000-affordable-houses-within-six-years\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Projects in pipeline to build 15,000 affordable houses within six years\" \/>\n<meta property=\"og:description\" content=\"The projects that are in the pipeline could help have 15,000 affordable houses built within six years across the country ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/rwanda\/economy\/projects-in-pipeline-to-build-15000-affordable-houses-within-six-years\" \/>\n<meta property=\"og:site_name\" content=\"Rwanda\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-23T17:09:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-23T17:26:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2023\/06\/sm_1687528550.434904.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"666\" \/>\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\/rwanda\/economy\/projects-in-pipeline-to-build-15000-affordable-houses-within-six-years#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/projects-in-pipeline-to-build-15000-affordable-houses-within-six-years\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Projects in pipeline to build 15,000 affordable houses within six years\",\"datePublished\":\"2023-06-23T17:09:41+00:00\",\"dateModified\":\"2023-06-23T17:26:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/projects-in-pipeline-to-build-15000-affordable-houses-within-six-years\"},\"wordCount\":426,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/projects-in-pipeline-to-build-15000-affordable-houses-within-six-years#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2023\/06\/sm_1687528550.434904.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Rwanda\",\"Rwanda\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/rwanda\/economy\/projects-in-pipeline-to-build-15000-affordable-houses-within-six-years#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/projects-in-pipeline-to-build-15000-affordable-houses-within-six-years\",\"url\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/projects-in-pipeline-to-build-15000-affordable-houses-within-six-years\",\"name\":\"Projects in pipeline to build 15,000 affordable houses within six years - 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