HomeBusiness DigestHomelink sets eyes on Bindura

Homelink sets eyes on Bindura

HOMELINK — a subsidiary of the central bank — says it is engaging construction firms to build low-cost housing units in Bindura under its initiative to construct 30 000 houses by 2018 for middle-income earners and the Diasporan community.

By Tinashe Kairiza

In 2015, Homelink announced plans to mobilise US$50 million through local and Diaspora bonds to finance the housing project.

Under the project, at least 70% of the houses that will be constructed will be reserved for Zimbabweans living in the Diaspora, while the remainder will be occupied by locals.

Last year, Homelink announced plans to build low-cost houses and commercial stands near Lake Chivero in Harare.

Homelink said it was scouting for construction firms with capacity to construct 66 housing facilities in Bindura.

“Tenders are invited from reputable building contractors for the construction of 66 low cost houses in Brockdale, Bindura,” said Homelink this week.

By 2017, Homelink had already rolled out 120 housing units in Westgate, 25 in Waterfalls and 137 in Parklands, Bulawayo.

Under the project, at least US$12 million has been earmarked for the construction of a block of flats in Marlborough in the capital, while US$20 million would be channelled towards acquiring stands across the country.

At least US$10 million would be invested towards construction of a block of 181 flats in Tynwald, while US$8 million would be injected into building 190 similar housing facilities in Parklands, Bulawayo.

As Zimbabwe’s house backlog continues to balloon and it is now estimated at 1,3 million Government recently announced a new policy thrust called command housing to ease the country’s residential accommodation woes.

Harare, the country’s capital, has a housing backlog estimated at 500 000.

Civil servants will occupy the bulk of houses constructed under the command housing programme.

Homelink has acquired vast tracts of land to construct low-cost housing facilities for Zimbabweans living in the Diaspora, as well as middle-income earners, amid a growing accommodation backlog.

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