November 25, 2022

GOL SECURES US$100M TO BUILD 5000 MODERN HOUSING UNITS

The Government of Liberia through the National Housing Authority (NHA) has commenced the construction of 5000 housing units along the Monrovia – Roberts field Highway in Schieffelin Town in Margibi County over a period of five years and has secured One Hundred Million United States Dollars to build additional 2000 housing units.

Monrovia- May 27, 2022: The Government of Liberia through the National Housing Authority (NHA) has commenced the construction of 5000 housing units along the Monrovia – Roberts field Highway in Schieffelin Town in Margibi County over a period of five years and has secured One Hundred Million United States Dollars to build additional 2000 housing units.

The Managing Director of NHA, Celia Cuffy –Brown made the disclosure on Thursday, May 26, 2022 at the Ellen Johnson Sirleaf Ministerial Complex in Congo Town, Monrovia.

MD Cuffy – Brown said the fund was secured by the NHA through a Public-Private Partnership (PPP) Housing Contract with Structure and Logistics Limited, a Real – Estate Company.

The design look of the proposed housing estates

She said the objective of the contract is to build 2000 modern housing units in Montserrado, Margibi, Grand Bassa, Bong, Nimba, and Grand Cape Mount Counties.

Madam Cuffy – Brown revealed that a total of 61,000 modern housing units are to be delivered within five years period in the Republic of Liberia.

She asserted that Structure and Logistics Limited will provide the finance for the construction of the 2000 modern housing units while the Government of Liberia will provide land through the NHA.

The NHA boss stressed that the 2000 modern housing units will be built in favor of civil servants and Liberians as a whole.

She clarified that Structure and Logistics Limited will construct decent homes through Liberian-based companies and the NHA will do the marketing and selling of the modern homes.

Madam Cuffy – Brown also clarified that the Ministry of Finance and Development Planning (MFDP) will deduct from the payroll of the civil servants who will commit to owning each of the housing units.

She further added that the amount deducted from the civil servants for the housing units will be remitted to an escrow account in favor of Structure and Logistics Limited, while other citizens that do not work for the government will access the scheme through payroll deduction at their places of work.

Moreover, the NHA has also secured a Memorandum of Understanding (MOU) with the Global Housing Solution (GHS) and the Liberia Asset Management Company for the construction of a total of 600 housing units; with GHS and LAMCO constructing 300 each.

Additionally, madam Cuffy – Brown has called on the central government to infuse fresh capital through presidential action in the NHA programs and projects and set up a national Housing fund as a revolving fund to ensure sustainable housing delivery.

She further recommended that the central government direct Local Government Officials to allocate an adequate amount of Public Land to the NHA in each city, town, district, and other political subs – a division of the country and direct the Liberia Land Authority (LLA) to expedite the processing of Public Land Deeds, amongst others.

Meanwhile, representatives from GHS, LAMCO, Millennium Construction Incorporated, Golden Touch, and Bureau Veritas, amongst others made several presentations about their real estate ventures both in Liberia and abroad.

They promised to work with the NHA in building durable modern homes for Liberians at an affordable cost.

The NHA is the agency of government that was established by an Act of the National Legislature on April 7, 1960, with the mandate to initiate, plan, and implement housing development programs nationwide.

The day conference brought together stakeholders from across the housing sector including Public Works Minister-designate, Ruth Cooker–Collins, Representative Samuel Korgar, the Central Bank of Liberia (CBL), and Liberia Bank for Development and Investment (LBDI) amongst others.

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