The Bulawayo City Council (BCC) has entered into a partnership with a local bank to develop medium density residential stands in Mahatshula West in a bid to ease the city’s housing backlog, currently pegged at US$110 000.
The deal worth US$7 million is targeted at Bulawayo’s middle class with 670 families set to benefit.
BCC finance director, Mr Kimpton Ndimande said the deal will ease the city’s ballooning housing demand.
CBZ divisional director-mortgage finance, Mr Casper Chibanga said the financial institution will continue to partner various institutions in an endeavour to assist government in attaining its housing targets.
The financial institution has since partnered Victoria Falls, Harare, Mutare, Kwekwe and Marondera councils as it moves to ensure that every Zimbabwean gets a chance to own a house.