Government to float $150m housing bond

Government to float $150m housing bond
Published: 22 June 2018 (580 Views)
The government will in the next few weeks float a $150 million bond to kick start the command housing project across the country.

The plan which is being made through government housing investment vehicle, Urban Development Corporation (UDCORP) will see pension funds, insurance companies, private investors and banks taking part in the floating of the housing bonds.            

UDCORP head Mr Hashmon Matemera told the ZBC News after a presentation of the command housing that the funds are aimed at developing 470 000 housing units across the country in the next ten years.                                   

"We will do all we can to raise the required funds for the project to be a success," he said.

The government is still committed to affordable housing projects, said the Permanent Secretary in the Ministry of Local Government, Public Works and National Housing, Mr George Magosvongwe.                

"We shall do our best to honour the projects," he said.                            

Zimbabwe has in the past 20 years experienced limited housing projects due to lack of fiscal space and a challenging macroeconomic climate.

- zbc

 0

You May Like These Videos

Comments

There are no comments.

Latest stories

MDC resolves to dialogue with Mnangagwa

by Mandla Ndlovu | 20 February 2019 | 54 Views

RTGS is the electronic version of the bond note

by Colls Ndlovu | 20 February 2019 | 37 Views

The current monetary policy review will worsen current fiscal imbalances

by Tinashe Eric Muzamhindo | 20 February 2019 | 57 Views

Mnangagwa, Chiwenga are scaring investors away

by Frazer Muzondo | 20 February 2019 | 44 Views

Umuntu Movement Zimbabwe's donated parcel detained by Zimra

by Enos Denhere | 20 February 2019 | 56 Views

THI, Zimnat announce underwriting management agency agreement

by Staff writer | 20 February 2019 | 66 Views

Chiwenga unable to speak and has not eaten for a week

by ZimLive | 20 February 2019 | 149 Views

EXCLUSIVE: 'Rainbow hotel lied about Bulwayo's capacity'

by Mandla Ndlovu | 20 February 2019 | 72 Views

Zimbabwe introduces the RTGS Dollar currency

by Ndou Paul | 20 February 2019 | 142 Views

Bulilima legislator thanks ZINWA surveyors for Mabhongane Dam visit

by Titshabona Ncube | 20 February 2019 | 52 Views

Zimbabwe army vows 'snap search for its uniforms'

by newzimbabwe | 20 February 2019 | 62 Views

Is Zimbabwe nostalgic for Robert Mugabe?

by AFP | 20 February 2019 | 82 Views

Lest you invite bad omens

by Thomas Murisa | 20 February 2019 | 47 Views

LIVE- All eye on Mangudya #MonetaryPolicyStatement speech

by Staff reporter | 20 February 2019 | 181 Views

Chamisa is giving the Zanu-PF regime sleepless nights

by Staff reporter | 20 February 2019 | 98 Views

Bushiri responds to sexual abuse allegations

by Mandla Ndlovu | 20 February 2019 | 87 Views

Zimbabwe Monetary policy highlights - RTGs now a currency

by Staff reporter | 20 February 2019 | 151 Views

'Mnangagwa is a dog' trial stalls

by Staff reporter | 20 February 2019 | 90 Views

MDC Alliance, Mnangagwa lawyers trade barbs

by Staff reporter | 20 February 2019 | 69 Views

Ex-army boss evicts 300 families

by Staff reporter | 20 February 2019 | 81 Views

Beitbridge border expansion commences

by Staff reporter | 20 February 2019 | 61 Views

Court stops Immigration Department hearings

by Staff reporter | 20 February 2019 | 56 Views

New currency announced

by Mandla Ndlovu | 20 February 2019 | 111 Views

Missing woman found dead

by Staff reporter | 20 February 2019 | 73 Views

Couple escapes jail for stocktheft

by Staff reporter | 20 February 2019 | 47 Views

'Support Zanu-PF, Mnangagwa for peace'

by Staff reporter | 20 February 2019 | 53 Views

Mugabe son in-law trial continues

by Staff reporter | 20 February 2019 | 45 Views

Cops charged with assault

by Staff reporter | 20 February 2019 | 47 Views

Mnangagwa launches India-Africa Incubation Centre

by Staff reporter | 20 February 2019 | 81 Views

How to Choose the Best Forex Broker for Beginners

by Staff Reporter | 20 February 2019 | 84 Views

Mnangagwa avails $30m for Matabeleland South roads

by Staff reporter | 20 February 2019 | 71 Views

Zimbabwe set to modernise 6,000 schools

by Staff reporter | 20 February 2019 | 71 Views

When 45 Degrees falls to Zero, Freedom is nigh!

by Multiverse Dungani | 20 February 2019 | 95 Views

Looting cases clog Bulawayo courts

by Staff reporter | 20 February 2019 | 60 Views

High Court to rule on Parirenyatwa request

by Staff reporter | 20 February 2019 | 66 Views

Mnangagwa gets fresh chance from EU

by Staff reporter | 20 February 2019 | 72 Views

LIVE- Monetary policy statement presentation

by Staff reporter | 20 February 2019 | 133 Views

WATCH: Jonathan Moyo's farm collapses

by Mandla Ndlovu | 20 February 2019 | 117 Views