President Nana Addo Dankwa Akufo-Addo will on Monday commission a 204-housing unit facility at Community 22 in Ashaiman.
The project, which is a pilot of efforts by the ruling government to reduce the huge deficit in the housing sector of the economy, is an initiative of the National Housing and Mortgage Fund (NHMF).
Under the project, the National Housing and Mortgage Fund is partnering GCB Securities Limited and other banks to set up Affordable Housing Real Estate Investment Trust (REIT) to provide decent rental homes for public sector workers.
Speaking in an interview with Accra File, in the company of the Ashaiman Municipal Chief Executive, Albert Okyere Boakye on a tour of the facility, Ing. Etorman S. Kornu, Field Officer for the project said the banks have subsequently selected developers to implement the mortgage and construction finance.
According to him, the scheme will operate a rent-to-own model which will allow public sector workers to rent decent and affordable homes for 15 to 20 years after which they pay a residual value and own the property.
Ing. S. Kornu continued that the project is the ruling government’s ingenuity to stimulate the mortgage and housing finance market in the country.
He explained that after commissioning the Community 22 scheme, which was started in February, this year construction of others in other parts of the country would commence.
The units come in three different categories namely; 1 Bedroom, 2 Bedroom and 2 Bedroom Semi-Detached. All categories are expandable.
The ASHMA boss and his entourage also inspected ongoing works at the workshop for the Ashaiman Technical School, also at the Community 22.
When the New Patriotic Party (NPP) took office in 2017, after series of consultations, ASHMA decided to turn the E-Block Day Secondary School which was being built by the erstwhile National Democratic Congress (NDC) into a technical school, which was approved by the government, Hon Okyere Boakye noted.
The Ashaiman Mayor further visited the site for the construction of the sewerage network and treatment plant that is going to serve about 24,000 people in the Ashaiman Municipality at Roman Down, a suburb of Ashaiman.
When completed, the project, which is in collaboration with the Ministry of Sanitation and Water Resources, Greater Accra Metropolitan Area (GAMA)Sanitation Programmeand the World Bank will vastly improve the sanitation environment in the community, he explained.
Under the GAMA Sanitation Programme, the sewerage system, which is being funded by the World Bank will serve residents at Ashaiman New-Town, all the way to the Roman Down area and its environs.
Hon Okyere Boakye said what the people are using currently is what the TDC Development Company Limited constructed during the Busia regime for residents of the TDC Quarters in the late 1960s when the population was insignificant.
“Now the population has exploded beyond count and therefore there is the need for a bigger sewerage system to address the sanitation concerns in the community, hence the importance of this project”, he explained.
The project is about 70 percent complete.
Before completing his tour, the ASHMA boss visited the Presby Junior High School project, also at the Roman Down.
According to Mr. Okyere Boakye, the six-unit classroom block, which is about 90 percent complete was constructed with funds from the ASHMA’s common fund.
By Richard Kofi Attenkah
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