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NHE keen to enter informal market

Jemima Beukes
In a bid to overcome the substantial obstacles to land delivery, Theo de Klerk of the National Housing Enterprises' (NHE) construction and development department has revealed that the agency is now considering venturing into informal settlements where shack-dwellers have been granted serviced land.

Currently, the national housing demand stands at over 300 000, with 106 760 residents on the waiting list. Of this figure, 2 089 applications are for Rehoboth.

"The problem with our housing [approach] is that we are doing things in silos. Hopefully, this land conference here in Rehoboth can be the start of a new approach," he said.

De Klerk added that the biggest challenges hampering the delivery of housing in Namibia are the scarcity of serviced land, the high costs involved when servicing land and the unaffordability of land.

He listed beneficiaries’ creditworthiness and procurement process for contractors as further issues.

Revised policy

Meanwhile, Cabinet last week approved the revised national housing policy, its implementation action plan and related estimated financial implications to enable improved access to housing, and inclusive, sustainable economic development.

According to the latest Cabinet resolutions, this revised policy will have a special focus on nationwide upgrading of informal settlements and proactive incremental land servicing to diversify the array of housing provision.

It also resolved to establish a structured housing subsidy framework, which will focus on channelling public expenditure towards supporting the lowest income groups where human development impact and multiplier effects are most effective.

Cabinet announced the “prioritisation and redistribution of state resources towards the lowest income groups through intensified and mixed-use urban development, which will contribute to socio-economic empowerment of the majority of the population” and create opportunities for sustainable growth, it said.

It will also “enhance partnership and incremental development approaches at all levels as well as the development of required capacities, and more inclusive and agile structures and mechanisms to ensure the effective implementation, monitoring and evaluation of the policy evaluation action plan”.

Unaffordable

Roof Fund, an entity that seeks to fast-track homeownership, said the major obstacles to homeownership are the lack of access to finance and having to endure lengthy and frustrating processes.

"The problem in Namibia is that we have houses that people cannot afford, and the houses people can afford have not been built yet,” chief operating officer Carlos Campos said.

[email protected]

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Namibian Sun 2024-05-11

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Premier League: Fulham 0 vs 4 Manchester City LaLiga: Mallorca 1 vs 0 Las Palmas | Deportivo Alaves 2 vs 2 Girona SerieA: Frosinone 0 vs 5 Inter Milan Katima Mulilo: 14° | 33° Rundu: 13° | 32° Eenhana: 13° | 33° Oshakati: 15° | 32° Ruacana: 16° | 33° Tsumeb: 16° | 30° Otjiwarongo: 14° | 30° Omaruru: 17° | 32° Windhoek: 15° | 28° Gobabis: 16° | 29° Henties Bay: 14° | 19° Wind speed: 23km/h, Wind direction: S, Low tide: 11:22, High tide: 05:22, Low Tide: 23:42, High tide: 17:53 Swakopmund: 15° | 17° Wind speed: 26km/h, Wind direction: SW, Low tide: 11:20, High tide: 05:20, Low Tide: 23:40, High tide: 17:51 Walvis Bay: 15° | 23° Wind speed: 32km/h, Wind direction: SW, Low tide: 11:20, High tide: 05:19, Low Tide: 23:40, High tide: 17:50 Rehoboth: 17° | 29° Mariental: 20° | 32° Keetmanshoop: 17° | 31° Aranos: 19° | 31° Lüderitz: 12° | 26° Ariamsvlei: 14° | 29° Oranjemund: 11° | 19° Luanda: 25° | 28° Gaborone: 15° | 29° Lubumbashi: 14° | 29° Mbabane: 15° | 20° Maseru: 10° | 25° Antananarivo: 13° | 24° Lilongwe: 17° | 29° Maputo: 21° | 26° Windhoek: 15° | 28° Cape Town: 14° | 19° Durban: 18° | 19° Johannesburg: 17° | 25° Dar es Salaam: 23° | 30° Lusaka: 19° | 29° Harare: 15° | 28° Currency: GBP to NAD 23 | EUR to NAD 19.82 | CNY to NAD 2.55 | USD to NAD 18.41 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.31 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.68 | ZWL to NAD 0.04 | BRL to NAD 3.56 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134.06 | USD to AOA 834.06 | USD to BWP 13.6 | USD to EGP 47.35 | USD to KES 130.98 | USD to NGN 1439.8 | USD to ZAR 18.44 | USD to ZMW 26.75 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 78464.25 Up +1.19% | Namibian Stock Exchange (NSX) Overall Index 1754.6 Up +1.22% | Casablanca Stock Exchange (CSE) MASI 13527.01 Up +0.36% | Egyptian Exchange (EGX) 30 Index 26003.16 Up +0.05% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 360.52/OZ UP +0.59% | Copper US$ 4.62/lb UP +1.13% | Zinc US$ 2 961.00/T DOWN -0.06% | Brent Crude Oil US$ 83.21/BBP DOWN -0.0171 | Platinum US$ 995.62/OZ UP +1.05% Sport results: Premier League: Fulham 0 vs 4 Manchester City LaLiga: Mallorca 1 vs 0 Las Palmas | Deportivo Alaves 2 vs 2 Girona SerieA: Frosinone 0 vs 5 Inter Milan Weather: Katima Mulilo: 14° | 33° Rundu: 13° | 32° Eenhana: 13° | 33° Oshakati: 15° | 32° Ruacana: 16° | 33° Tsumeb: 16° | 30° Otjiwarongo: 14° | 30° Omaruru: 17° | 32° Windhoek: 15° | 28° Gobabis: 16° | 29° Henties Bay: 14° | 19° Wind speed: 23km/h, Wind direction: S, Low tide: 11:22, High tide: 05:22, Low Tide: 23:42, High tide: 17:53 Swakopmund: 15° | 17° Wind speed: 26km/h, Wind direction: SW, Low tide: 11:20, High tide: 05:20, Low Tide: 23:40, High tide: 17:51 Walvis Bay: 15° | 23° Wind speed: 32km/h, Wind direction: SW, Low tide: 11:20, High tide: 05:19, Low Tide: 23:40, High tide: 17:50 Rehoboth: 17° | 29° Mariental: 20° | 32° Keetmanshoop: 17° | 31° Aranos: 19° | 31° Lüderitz: 12° | 26° Ariamsvlei: 14° | 29° Oranjemund: 11° | 19° Luanda: 25° | 28° Gaborone: 15° | 29° Lubumbashi: 14° | 29° Mbabane: 15° | 20° Maseru: 10° | 25° Antananarivo: 13° | 24° Lilongwe: 17° | 29° Maputo: 21° | 26° Windhoek: 15° | 28° Cape Town: 14° | 19° Durban: 18° | 19° Johannesburg: 17° | 25° Dar es Salaam: 23° | 30° Lusaka: 19° | 29° Harare: 15° | 28° Economic Indicators: Currency: GBP to NAD 23 | EUR to NAD 19.82 | CNY to NAD 2.55 | USD to NAD 18.41 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.31 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.68 | ZWL to NAD 0.04 | BRL to NAD 3.56 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134.06 | USD to AOA 834.06 | USD to BWP 13.6 | USD to EGP 47.35 | USD to KES 130.98 | USD to NGN 1439.8 | USD to ZAR 18.44 | USD to ZMW 26.75 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 78464.25 Up +1.19% | Namibian Stock Exchange (NSX) Overall Index 1754.6 Up +1.22% | Casablanca Stock Exchange (CSE) MASI 13527.01 Up +0.36% | Egyptian Exchange (EGX) 30 Index 26003.16 Up +0.05% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 360.52/OZ UP +0.59% | Copper US$ 4.62/lb UP +1.13% | Zinc US$ 2 961.00/T DOWN -0.06% | Brent Crude Oil US$ 83.21/BBP DOWN -0.0171 | Platinum US$ 995.62/OZ UP +1.05%