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NHE launched a new housing development

NHE launched a new housing development

Staff Reporter

THE National Housing Enterprise (NHE) has launched a new housing development projects across the country that will see the company constructing 335 houses.

 

Eric Libongani, Corporate Communications and Marketing Manager at NHE, said the project is part of ongoing efforts to empower Namibians through the provision of affordable and quality housing whilst continuing to fulfil its mandate.

 

The houses will be constructed through NHE’s Public Private Partnership (PPP) construction model, famously known as Request for Funding Proposal (RFP).

 

National Housing Enterprise NHE housing development projects country company constructing 335 houses
Pictured: Affordable and quality housing: Photo Illustrative purposes

 

Through this model, NHE partners with private investors on a turnkey basis.

 

Libogani noted that this model requires NHE to collaborate with private financiers who construct houses using their own capital and are only paid after the sale of the constructed houses.

 

The current PPP projects will commence in July 2020 and NHE will deliver a total 335 houses in 7 towns across Namibia.

 

These towns are Outapi, with 82 houses, Omuthiya with 50 houses, Keetmashoop with 77 houses, Karibib and Omaruru, both with 76 each, Ongwediva with 10 houses and Okakarara with 40 houses.

 

The RFP Phase 2 flagship project is estimated to the value of N$124 million. Under this arrangement, NHE avails land for construction and the final products are sold to customers on the NHE’s waiting list.

 

According to Libongani, during the RFP Phase 1, NHE constructed 422 houses at Rundu (122), Omuthiya (50) and Oshakati (200), respectively.
The houses were constructed and built under the 2018-2019 financial year.

 

NHE said the RFP Phase 1 represents an investment of N$167 million.
To date, all contractors and private financiers have been fully paid as per the contracts.

 

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