construction.jpgStakeholders in the housing sector say the 2012 budget allocation for their specific area falls short of their expectations as they had called for the revival of the National Housing Fund which has been ignored.

 

While stakeholders in the housing delivery sector had expected the Minister of Finance to prioritise mass housing programmes which benefit the majority, what was allocated to the Ministry of National Housing and Social Amenities has been described as too little as only US$6,4 million was made available.

 

The stakeholders had called for the revival of the National Housing Fund which was not provided for during the consultative stage of the budget formulation.

 

The Association of Housing Cooperatives Chairman, Mr. Ticharwa Kagu noted that the budget did not prioritise social housing.

Harare North Housing Cooperative Chairman, Mr. Misheck Mangwende is of the opinion that more funds should have been made available for mass housing programmes managed by government partnerships. Currently, the majority of those who intend to build homes are failing to access housing loans due to prohibitive conditions.

In the 2012 national budget, US$9 million was set aside for the on- going housing development projects under the Infrastructural Development Bank of Zimbabwe while the Ministry of National Housing got US$6,4 million dollars.