{"id":159943,"date":"2015-10-15T13:39:47","date_gmt":"2015-10-15T13:39:47","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=159943"},"modified":"2015-10-15T13:39:47","modified_gmt":"2015-10-15T13:39:47","slug":"ghana-home-loans-signs-mou-with-govt-to-deliver-affordable-housing","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2015\/10\/ghana-home-loans-signs-mou-with-govt-to-deliver-affordable-housing\/","title":{"rendered":"Ghana Home Loans signs MOU with govt to deliver affordable housing"},"content":{"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).<\/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":[],"categories":[],"tags":[21,4],"yoast_head":"\n