We will roll out a programme to close housing gap in 10 years – Bawumia

The Vice President and Flagbearer of the New Patriotic Party, Dr. Mahamudu Bawumia, has noted that his government when voted into power will close the housing gap in 10 years.

He said the next NPP administration will roll out a National Housing Programme which will incentivize the private sector providing Ghanaians with access to decent, affordable housing in livable and well-planned settlements.

Giving details at the launch of the NPP’s manifesto on August 18, 2024, he said, “Specifically, we will provide three broad options, including public and private sector housing, to meet various income levels”.

These, he noted, include, “Social Housing including homeless shelters (overnight stay for the vulnerable) and an expanded Rental Assistance Scheme for low-income workers; affordable Housing including District Housing projects through incentives to the private real estate industry, as well as expanded services of State Housing Company (SHC), TDC, and National Homeownership Fund (NHF); and improving Housing Finance: through an expansion of the mortgage market, as well as rent-to-own schemes”.

Bawumia also added that his government will use a variety of ways to deliver access to the various types of accommodation.

“For example, for Social Housing, we will provide public lands within our main cities to private developers and make it mandatory for them to “set aside” between 20% to 30% for low-income social housing units with subsidised rents,” he said.

SSD/NOQ

Watch the latest edition of BizHeadlines below:





Ghana’s leading digital news platform, GhanaWeb, in conjunction with the Korle-Bu Teaching Hospital, is embarking on an aggressive campaign which is geared towards ensuring that parliament passes comprehensive legislation to guide organ harvesting, organ donation, and organ transplantation in the country.

Click here to follow the GhanaWeb Business WhatsApp channel