Mozambican housing promotion fund Fundo de Fomento da Habitação (FFH) is seeking partners to set up public-private partnerships (PPPs) to carry out social housing projects, the FFH’s chairman said cited by Mozambican daily newspaper Notícias.
Noting that the fund had carried out project mainly focused on young people and state workers, Rui Costa said that the costs of the homes built was much higher than the young people’s debt capacity of the young people who should benefit from them.
According to Costa the plans is, in the long term, for the FFH to have financial capacity to build truly social housing and, with its own funding, meet the needs of its target group.
In Maputo the fund recently launched the City Tower project, which is a 27-floor building, which, alongside the housing estate being built in Pemba, Cabo Delgado province, is the result of a partnership with a company from the United Arab Emirates (UAE).
The Pemba project has an estimated cost of US$60 million and will be carried out over three years, whilst City Tower, due to be built within 30 months, will cost US$45 million.
City Tower will have around 150 one- to four-bedroom apartments and Chiuba Village, in Pemba, has plans for construction 1,200 houses to meet high housing demand as a result of development projects in that part of the country. (macauhub/MZ)