- Posted on: August 20, 2019
The National Pension Scheme Authority (NAPSA) has signed a Memorandum of Understanding with the North Western Water and Sewerage Company for the Solwezi Housing Development Project.
NAPSA has announced that it will embark on a massive housing project to be located in Kazhiba area in Solwezi District of North Western Province. Once completed, the houses shall cost less than K350 000. The Authority has earmarked to build more than 400 housing units in the area.
NAPSA has since indicated that it will partner with a Bank to provide mortgages to would-be buyers of the properties.
Speaking on the sidelines of the ongoing North West Expo in Solwezi, NAPSA Director General Mr. Yollard Kachinda indicated that the signing of the MoU shall empower the people of Northwestern province to access affordable housing.
“These houses will not be over K350,000 meaning that they will be affordable, adding that flexible payment terms shall apply to eligible applicants,” Mr. Kachinda added.
And North Western Water and Sewerage Company Acting Managing Director Cosmas Shaba said the utility company is keen to help NAPSA in providing water and sanitation facilities in the area.
This housing project is a pilot project by NAPSA which shall be replicated across the country.
The move by NAPSA is aligned with government’s policy of providing decent housing to the citizens at very affordable and competitive rates.