1 000 Houses for Osona Next Year

A GROUND-BREAKING ceremony signalling the construction of over 1 000 houses was held near the Osona Military Base yesterday.

The construction site, 10 kilometres from Okahandja and 50 kilometres from Windhoek, will be called Osona Village and will be home to low and middle-income earners, said chairperson of Preferred Management Services (PMS), Jacob Nghifindaka.

PMS has partnered with the Government Institution Pension Fund (GIPF) in funding the project whose first phase is expected to cost N$230 million.

He said the project is not only expected to benefit government employees, but also others who are in need of housing.

Former housing minister and deputy Prime Minister, Libertina Amathila, who is the project’s patron, said the project will add to what government is already doing through mass housing.

“It will assist government greatly as they (PMS) will also be putting in their own money and will not require money from the government,” she said.

She said the private sector’s involvement in assisting government with property development has been immeasurable.

“Government cannot do it alone,” she said.

Mayor of Okahandja Valerie Aron said the development project will create employment opportunities for the youth as well as elevate the status of the town.

“I want to thank the GIPF and PMS for seeking out Okahandja as an area of development. The benefits this project will bring, are numerous,” she said.

GIPF chief executive officer David Nujoma said the Fund made property development a part of its investment programme during the past four years.

“We are aware of the housing problem facing our country. GIPF is committed to investing in affordable houses for Namibians,” he said, adding that the Fund has invested more than N$1,2 million in property development since 2011.

Nghifindaka said the project will make it convenient for commuters to travel between the two towns. He said the first phase of the project will commence in the second quarter of 2015.

Source : The Namibian