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Housing Development Fund Creates Facilities for Apartment Purchases

Housing Development Fund Creates Facilities for Apartment Purchases

Two hundred and forty apartments of the second phase of the Olympic Village, in Maputo City, are available for young people and State employees, with amortization facilities for up to 25 years.

In effect, an agreement for the commercialization of the properties was signed this Monday between the Fundo de Fomento para Habitação (FFH) and the construction company from Macau (special administrative region of China) Charlestrong Engineering and Consulting Limited.

Completed in 2016, the houses were inaccessible to young people because the builder demanded short-term repayment. The Minister of Public Works, Housing and Water Resources, João Machatine, explained that the signing of the agreement represents another achievement of the Government in the search for solutions for decent housing for the population.

“The Government’s efforts are not exhausted in this undertaking. As the objective is to cover a greater number of people, taking into account the various strata, we have been implementing several housing sub-products, with a focus on Rebirth, Improvement and Infrastructure Land,” he added.

For the Mayor of Maputo, Eneas Comiche, the facilitation model adopted by the FFH fits in the objectives of the Municipal Development Plan, which advocates the mobilization of partners for the feasibility of affordable projects and financing of affordable housing.

He revealed that the city council is looking for partners for the requalification of the 150 houses area of the Maputo Municipal Council, also in the Zimpeto neighbourhood, which should give way to the construction of housing in order to increase the supply and at equally controlled costs.

On the occasion, the Ministry of Public Works, Housing and Water Resources delivered a police station that will serve the residents of the residential complex. The commander of the Police of the Republic of Mozambique (PRM) in Maputo City, Fabião Nhancololo, said that the infrastructure will strengthen the intervention and police presence in this part of the capital.

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