Ghana Home Loans, the nation\u2019s leading residential mortgage provider, has signed an MOU with the Department of Rural Housing (DRH), a policy formulation agency under the Ministry of Water Resources Works and Housing (MWRWH).<\/p>\n
[contextly_sidebar id=”3lqguhew3uO7siBYn5kK6b4GocteksRn”]Under the terms of this MOU, the two institutions shall collaborate to build and finance affordable housing for individuals or groups that already own parcels of land.<\/p>\n
DRH shall undertake to build homes using improved local building materials such as Compressed Earth Bricks (CEB) and Micro Concrete Roof Tiles.<\/p>\n
As the mortgage partner, Ghana Home Loans shall provide the prospective home owners with Home Construction Mortgages to finance their projects.<\/p>\n
The credit facilities have repayments periods of up to 15 years.<\/p>\n
The use of locally sourced materials has the twin benefit of supporting local industry as well as delivering affordable housing to the target groups.<\/p>\n
DRH offers a selection of spacious standard house designs ranging between 77 and 148 square metres.<\/p>\n
However the Department will consider large scale projects which require a different set of house designs.<\/p>\n
The product offering is targeted at individuals, staff associations, and credit unions that have acquired land for their members and are considering options for construction.<\/p>\n
The challenge that these groups have typically faced has been identifying housing solutions within their income range and agreeing on a contractor to build for them.<\/p>\n
–<\/p>\n
Source: \u00a0Ghana Home Loans<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Ghana Home Loans, the nation\u2019s leading residential mortgage provider, has signed an MOU with the Department of Rural Housing (DRH), a policy formulation agency under the Ministry of Water Resources Works and Housing (MWRWH). [contextly_sidebar id=”3lqguhew3uO7siBYn5kK6b4GocteksRn”]Under the terms of this MOU, the two institutions shall collaborate to build and finance affordable housing for individuals or […]<\/p>\n","protected":false},"author":14,"featured_media":159944,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[],"tags":[21,4],"class_list":["post-159943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-psychiatric","tag-st-augustines-college"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/159943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=159943"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/159943\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/159944"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=159943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=159943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=159943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}