{{Promotion of decent housing by the government is becoming music to Rwandans especially low-income earners because decent residences are posh houses only affordable to the wealthy.}}<\/p>\n
However, the government has taken note of the matter.<\/p>\n
According to the Director of National Housing Corporation (NHC) Esther Mutamba, plans to improve affordable decent houses are underway: \u201cIt\u2019s true we want all citizens to live in well-constructed houses that\u2019s why we\u2019re finding ways to ease building costs to our investors in order to have affordable houses to all\u201d.<\/p>\n
However, people should not be excited since currently the government doesn\u2019t have enough money to start constructing descent houses all over the country.<\/p>\n
\u201cIt\u2019s still a challenge since we don\u2019t have enough finances now that\u2019s why we\u2019re encouraging financial institutions to prolong the repayment period to those who have acquired mortgages,\u201d Mutamba said.<\/p>\n
Meanwhile only 12% percent of Rwandans live in decent houses while the rest stay in either shanty or sub-standard houses poorly constructed that risk collapsing in case of a calamity like tremor, mudslide or earthquakes.<\/p>\n
Speaking at the launch of Green-park villa estate located in the city\u2019s Mulindi area, Mutamba insisted that citizens should not lose hope since several banks in the country offer mortgage loans.<\/p>\n
\u201cI don\u2019t see the need to panic because those who are employed on long-term contracts and are renting for instance can acquire house loans and build mortgageable houses that later become theirs forever,\u201d she stressed.<\/p>\n
Green-park villa estates for example have 50 houses which range from Frw 75 to 90 million repayable within twenty years.<\/p>\n
According to an investor Nathane Loyd who\u2019s also the CEO of a construction company- DN International, people have to change the negative mindset of associating such houses to the rich and should rather accept that it\u2019s an opportunity to all classes in the society.<\/p>\n
\u201cI\u2019m glad that we\u2019re contributing to the growth of this country which is commendable and better living standards is key to the welfare of our society,\u201d he pointed out.<\/p>\n","protected":false},"excerpt":{"rendered":"
{{Promotion of decent housing by the government is becoming music to Rwandans especially low-income earners because decent residences are posh houses only affordable to the wealthy.}} However, the government has taken note of the matter. According to the Director of National Housing Corporation (NHC) Esther Mutamba, plans to improve affordable decent houses are underway: \u201cIt\u2019s […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"byline":[158],"hashtag":[],"class_list":["post-527","post","type-post","status-publish","format-standard","hentry","category-news","byline-b_igi_adm1n"],"bylines":[{"id":158,"name":"b_igi_adm1n","slug":"b_igi_adm1n","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":1}],"contributors":[{"id":158,"name":"b_igi_adm1n","slug":"b_igi_adm1n","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":1}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=527"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/527\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=527"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=527"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}