Azania Bank to provide mortgage financing for NHC’s 300 houses in Dom

27May 2021
The Guardian Reporter
The Guardian
Azania Bank to provide mortgage financing for NHC’s 300 houses in Dom

CONSTRUCTION of 300 residential houses under National Housing Corporation‘s (NHC) three-phase project to build 1,000 residential houses in Dodoma is scheduled for completion by the end of June this year.

NHC’s director of engineering and construction, Haikameni Mlekio briefing minister of land housing and human settlement development, William Lukuvi recently. File photo.

The houses will be offered for sale to civil servants and other residents of the new capital who can buy them using mortgage loans from Azania Bank Limited.

NHC’s Director of Engineering and Construction who is responsible for the 14.4bn/- project, Haikameni Mlekio said they are operating round the clock to beat the deadline for the first phase which will include 100 houses in Chamwino District earmarked for renting to the public.

Eng Mlekio said in Dodoma earlier this week that interested civil servants may apply for mortgage financing from Dar es Salaam based lender, Azania Bank. “After completing the first phase, we are going to start a second phase of the Dodoma project which will involve construction of 325 houses and six service buildings,” he said while noting that 275 houses will be built during the last phase.

NHC owns a class one building contractor, which carries out all of the state real estate developers’ major projects in additional to implementing private projects on commercial contract basis. Currently, some of the projects being undertaken by NHC include: Musoma and Mtwara Zone Referral Hospitals and Vingunguti abattoir in Dar es Salaam.

“We have played a key role in enabling the government transfer its capital by building office blocks for Ministries of Lands, Housing and Human Settlements Development; Finance and Planning; Industry and Trade and Energy,” explained NHC’s Public Affairs and Information Manager, Muungano Saguya.

Saguya named other projects which NHC has completed in the new capital as the headquarters of Energy and Water Utilities Regulatory Authority and Tanzania Medical and Drugs Authority TMDA. The state real estate developer has departments which carry out project design, construction and supervision. The corporation has two other units licensed by Engineers Registration Board to undertake road construction and plumbing works.

“But we are subcontracting smaller contractors under an internal scheme to help them build capacity and be able to do big projects in future,” he added. NHC has also built offices and staff houses for district councils in Busokelo (Mbeya), Mlele (Katavi), Momba (Songwe), Muheza (Tanga) and Chato (Geita).

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