News Archives

Apr 8, 2014

Housing Scheme To Be Ready By April Ending

First batch of 20 houses out of the 100 unit houses under the Social Housing Scheme will be completed and handed over to the management of the Tamale Community Cooperative Credit Union Limited (TCCCUL) for onward distribution to members before the end of April this year.

The remaining 80 houses currently under construction, which comprised two bedrooms, a living room, kitchen and washrooms, would be handed over to management in three weeks’ interval after the first 20.

Mr Sahanoon Usman, Contractor of the social housing scheme told shareholders at the first Annual General Meeting of the TCCCUL that the cement and block works of the first 20 had been completed and roofing will start next week.

He said the decision to complete 20 houses at a time was to prevent the rains from impeding progress of work and assured that the whole project would be fully completed by the end of July this year.

The project, which is a social housing scheme under the Community-Led Infrastructure Financing Facility, seeks to assist active, productive and low income earners in the public and private sector to acquire houses under flexible financing terms.

It is being funded by Homeless International, a United Kingdom based organisation with support from Government of Ghana, Water and Sanitation for Africa (WSA) and the Credit Unions Association of Tamale.

Mrs Christina Agana, Deputy Board Chairperson of TCCCUL explained that beneficiaries would be required to make an upfront interest-free payment of 20 per cent of the cost as commitment while the rest of the cost would be spread over a period of five years at an interest rate of 18 per cent.

“By design, government is subsidising the project with the provision of roads and utilities to the site to cushion beneficiaries,” she said. – GNA