The newly established Addis Ababa City Administration Saving Houses Development Enterprise Friday discussed 40/ 60 housing development schemes with residents and organizations.
Enterprise General Manager Kende Bizuneh said the forum was organized with the objective of creating awareness among residents and stakeholders that directly or indirectly involve in housing development project.
Briefing participants on the ever increasing housing demand and Adminstration`s response to the problem, Deputy Head of Housing Development and Public Building Construction Departement, Atsbeha Gebre-Yohanees said, with the emergence of new industrial zones and towns the demand for housing units has increased.
To deal with these problems the government has implemented different mechanisms. Integrated Housing Development Project, 40/60 housing project, 10/90 and 20/80 are among others, he said.
According to him, as part of its scheme to meet the ever increasing house demand the government is working on the 40/60 saving housing project.
“As the experience of developed nations shows, saving has contributed a lot in their over all economic activities. This is especially true in filling governments financial gaps. Therefore, the housing development project must be attached with saving, and the culture of saving must be encouraged.”
The absence of infrastructure, financial input and the rehabilitation of slum areas are the main challenges in the housing development project, according to Atsbeha. In this regard, the government is doing its level best to fill the gap by providing basic infrastructure and importing scarce constriction materials. As part of this programme, the enterprise has already launched its G + 12 housing project at the Sengatera Site. Preparations are also under way to launch the projrct at the Crown Site.