The Minister nominee for Works and Housing, Samuel Atta Akyea has stated that the NPP government will introduce a housing fund to subsidize the cost of housing for low income earners.<\/p>\n
[contextly_sidebar id=”VQ7LNK8XtHjSdUOV6G0A6vxu9jhbOJ8b”]According to him, financing is one critical factor that has impeded Ghana\u2019s efforts at reducing the widening housing deficit.<\/p>\n
Mr. Atta Akyea also believes the high cost of housing units has made it unattractive for real estate developers to build more housing units over fear of low occupancy levels.<\/p>\n
\u201cIf the income levels are low by virtue of the economic situation, then there should be a Housing Fund without\u00a0which people who are interested in building housing units will not be motivated to build houses that people will not occupy ,\u201dhe said.<\/p>\n
Mr. Atta Akyea further explained that the Housing Fund should help restructure the current mortgage system that makes it difficult for low end income earners to meet their monthly obligations.<\/p>\n
\u201cWhat is critical is how to cushion the end user from a mortgage arrangement that will not dent his pocket. Mortgages are usually a factor of one\u2019s income; somebody cannot afford an eight bedroom house while another can afford a single bedroom house. But the income levels should just be enough to take care of the mortgage payments to make every month,\u201d<\/p>\n
Lawyer Atta Akyea made the remarks when he spoke to journalists after his nomination on Wednesday.<\/p>\n
The Member of Parliament for Abuakwa South also identified his priority to be to pursue government\u2019s affordable housing agenda upon his approval by Parliament.<\/p>\n
–<\/p>\n
By: Pius Amihere Eduku\/citibusinessnews.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"
The Minister nominee for Works and Housing, Samuel Atta Akyea has stated that the NPP government will introduce a housing fund to subsidize the cost of housing for low income earners. [contextly_sidebar id=”VQ7LNK8XtHjSdUOV6G0A6vxu9jhbOJ8b”]According to him, financing is one critical factor that has impeded Ghana\u2019s efforts at reducing the widening housing deficit. Mr. Atta Akyea also […]<\/p>\n","protected":false},"author":14,"featured_media":0,"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":[32,5,171,11],"tags":[2863,324,2864],"class_list":["post-284010","post","type-post","status-publish","format-standard","hentry","category-business","category-general","category-local-economy","category-top-stories","tag-ghana-business","tag-housing","tag-rent-law"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/284010","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=284010"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/284010\/revisions"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=284010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=284010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=284010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}