Maria David

THE National Housing Enterprise (NHE) is fulfilling its mandate to deal with the housing backlog within the nation. This dedication is obvious with the development of 506 homes in the course of the monetary 12 months 2023/24.

Manager of Corporate Communications and Marketing, Mutonga Matali, shared this throughout a media engagement on Thursday night in Ondangwa, Oshana Region.

According to Matali, NHE has reactivated its Excess Loan, which was beforehand on maintain, and is encouraging shoppers to make the most of their service choices, together with Building Loans.

He defined that the Excess Loan initially supplied N$20,000 and has now been elevated to N$50,000. This mortgage doesn’t require bond registration, and funds are paid out to shoppers inside every week of software.

Matali added that the Building Loan might be granted as much as N$1 million, relying on the quantity an applicant qualifies for.

“We are working around the clock to address the housing backlog in the country and to deliver housing to the Namibian people. We currently have two major projects underway in Ondangwa and Omuthiya,” he stated.

Matali stated that the Ondangwa challenge entails the development of 64 homes for low- to middle-income earners at a value of N$27 million, whereas in Omuthiya, 30 homes are being constructed for ultra-low-income earners at a value of N$6.5 million.

“We have strengthened our policy infrastructure to guide every process within NHE, which streamlines workflow and accelerates housing delivery to address the housing backlog,” he stated.

He additional talked about that NHE is now in a position to ship homes on time, as they’ve secured funding for capital tasks after catching up on their audited monetary experiences, which had been seven years behind.

Matali stated that, up to now, NHE struggled to safe funding, however they’re now being approached by banking establishments, which simplifies the rollout of their housing tasks.

He urged NHE shoppers to contact regional branches in Oshakati, Rundu, Keetmanshoop, Windhoek, and Walvis Bay to entry varied mortgage services provided by the establishment.