"Addis Ababa City Administration to launch registration for High quality affordable condominiums"

The new housing program is for citizens with middle incomes who can make a down payment of 40% of the home price before acquiring their house and the remaining 60% within a specific period that will be disclosed by the administration when the project is launched.

The Addis Ababa City Administration is to launch registration for a new affordable housing scheme shortly. The new housing is for citizens with middle incomes who can make a down payment of 40% of the home price before acquiring their house and the remaining 60% within a specific period that will be disclosed by the administration when the project is launched, Capital has learnt.

This affordable housing scheme was introduced two years ago when the government announced its five year GTP program.

According to the government’s plan, the houses are for those who have not already benefitted from other government housing projects. Though affordable, these houses are expected to be of higher quality and more spacious than the currently undertaken condominium housing projects. According to Mekuria Haile, Minister of Urban Development and Construction, the registration for this new affordable housing project will commence in the near future.

Currently the city administration has formed an independent office responsible for this specific project. Mekuria said that most of the preconditions are already completed; such as setting the price and criteria to identify beneficiaries.

“The design of the houses is completed as well as screening for contractors responsible for building,” the minister added.

According to sources, not everyone with the capacity to meet the down payment will be allowed to register for the new option, as the scheme targets those who cannot afford to go to other private real estate companies.

“The government has set the criteria and we will disclose it when the registration is announced,” sources added. According to the plan, the state owned Commercial Bank of Ethiopia (CBE) will manage the registration and payment scheme.

To solve the residential housing problem, which is one of the major snags in the city; the government has been working on affordable housing projects for the past decade.

Low cost housing projects, popularly known as condominiums, were first introduced in the capital city in 2004 when the city administration was in the hands of former Mayor Arkebe Equbay, who is now a construction sector adviser for the Prime Minister.

But the low cost housing project is not satisfying the demand. The government has constructed tens of thousands of houses since the program was launched.

The housing scheme with a 40/60 percent payment is being introduced by the government to address the residents that are able to pay a larger amount than the condominiums.

The commencement of the new scheme will be announced at a press conference that will be led by Mekuria Haile, Kuma Demekssa, City Mayor and Bekalu Zeleke president of CBE. According to sources at the Ministry the new scheme will be introduced before the coming Ethiopian New Year, that is September 11, 2012.

Source: capitalethiopia.com

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28 Comments

  • Belay Abakiya says:

    This is really a good idea. I appreciate our government to again give more chance to those who do not have houses. As we know house/shelter is one of the three basic necessities for human beings. Living in Addis with out having a house is like living in hell. Because if you don’t have a house you give all your money to those few house holders and savage brokers. This will be the best remedy to those who were worthy of having it, but don’t. So, I encourage and pray for our government to succeed on this activity.
    Finally, you the officials be careful about how you distribute the houses as there are the powerful ones, money or power, who dream to gather houses to themselves and their best ones.

  • aschalew negash says:

    what if I can not pay the 40% in a lump sum is still my question.Anyways good hope.But I still doubt that those who afford to buy real estate houses may participate here also.

  • Mesfin says:

    It is interesting news however the competition becomes a challenge since limited number of houses are constructed in respect to demand.

    • Samuel says:

      Ya Sure …. The competition is so crazy. But, the Government should follow a strategic, transparent, and accountable principle. Some critical issues should be properly addressed at the right order. Forinstance, Length of residents settlement in Addis should be considerd because the principle “First Come, First Served” should be respected. Cautious House ownership Screening strategy should be made. Officials should never be part of this Condo project, priority should be given for those who have little opportunity. Strict supervision and controlling mechanism should be established. Public comments and oppinions should be attentively followed. Immediate corrective measures should be taken in cases of rentseeking attempts. …. GOD Help our Administrators to be WACHFUL.

  • Hika Biressaw says:

    It is very good. what for those registered in the first phase condominium house but still not won the house?

  • Tufa says:

    It is a good idea to offer the Condo with the subsidy, but do you think they can afford to pay down 40%? I doubt it. Here is my suggestion, offer high quality Condo for Dispora with a price higher than offered to those people who cant afford the 40% and use the extra money to help pay our counry men & women working hard to make ends meet. Hope it make sense.

    • Biruk says:

      When u say them, if u r refering us the residents, u must be a stupid diaspora looking for an advantage u r not gona get, it is not the mony that we luck but the house it self being occupied by the so called kiray sebsabys who knows how to penetrate the weak system as we all know. Any way we can afford to pay even more than 50%, especially with such a wonderful schem!

  • fuad abdulhab says:

    REALY IS GOOD OPTION

  • fekade says:

    የአዲስ አበባ ከተማ አስተዳደር የሕዝቡን የቤት ችግር ለመቅረፍ የሚያደርገው ጥረት የሚበረታታ ቢሆንም ነገር ግን እንደ መጀመሪያው ማለትም በ1996 ዓ.ም. የኮንዶሚኒየም ቤት ምዝገባ ሲከናወን የምዝገባ ሥርዓቱ ለሁሉም ኢትዮጵያውያን ክፍት ቢሆንም ማነው የቤት ችግር ያለበት፣ የኮንዶሚኒየም ቤት ተጠቃሚ ለመሆንስ በቅድሚያ መሟላት ያለባቸው (ለምሳሌ አንድ ሰው እድሜው 18-ዓመት ቢሞላውም ገቢው ምንድን ነው፣ በሚመዘገብበት ጊዜ የሚኖረው ከማን ጋር ነው፣ የትውልድ ቦታው የት ነው ምክንያቱም ከክፍለ አገር መጥተው እና ክፍለ አገር ቤት እያላቸው እዚህ አዲስ አበባ ተጨማሪ ቤት የወሰዱ እና ለመውሰድም የሚጠባበቁ ስላሉ፣ ሌሎችም ምክንያቶች) ይህ በተለይ 40/60 ፕሮጅክት ላይ ከፍተኛ ጥንቃቄ ቢደረግ ለቤት ፈላጊው ጥሩ ይሆንል ብዬ አስባለሁ፡፡

  • Emebet Gebeyehu says:

    please start registration soon.

  • Bisrat Demeke says:

    It is a good news to hear such ideas come from the government which I appriciate .I have no words to say something but i have one question.I tried to register at the bank but still now the Ethiopian commercial bank didn’t start the registration ,do you tell me why? please I want to know this and I want to thank you very much inadvance for your response.
    sincerely,
    Bisrat Demeke

  • zemzem says:

    Except in some areas of limitation to full fill some articles, the Ethiopian policies and regulations seems good.The big problem what Ethiopia have faced is unable to change the theory in to practice. Most of our leaders have passion to be popular what they have rather than to do something for others. They want to have a good house of their own that nobody hasn’t. They want to have money in the bank, a big amount of money of their own that is not in anybody. They want people bow down before them because of the property, the staff what they have. So, they have always designed the the theory may be the way for them selves to get something,money. May be the new designed of plan for the house to the middle class people is the part of their way to get a big money. The misterious thing what we see they do have so much money for this people, but is not active, I mean it warms the bank of the western world or the Ethiopian commercial bank of Ethiopia. If someone have reserved for many years in a trunk, he can get the the same money after money years, the stagnante money. Our, Ethiopian nature and understanding is the same. if someone put money for a hundreds years, he can get the same money, a paper, in the trunk. that is nothing. Today’s the big infflation in Ethiopia is the result of that. we do have money in the bank that has been depposited for a long time. as a matter of fact we would change the money to the basic needs what we should have; a house, a job, etc., that are very important for life. to come to the reality we have not been doing in that way. we designed something and if not that much more important for our personal interest, we again come to change its fast to be late, like condominium in Addis Ababa, or like some other things. I hope to see this policy the solution for home many innocent Ethiopian Middile calss people. thank you so much.

  • Please start register send email for me I need buy house Thank you.

  • kidist says:

    God belss our gov. realy it is good start for us pleas start soon and inform us weher is the registreation will be heald.

  • john says:

    Great matter but when does the actual date of registration? I need you to inform us on the web or on my email. Thanks our gov.

  • Abe77 says:

    nice to here these.it has been 5 years since i graduated but i can not afford to have a house of my own not even a rental house.i’m fed up of staying like a parasite on my families.if this proposal come in to action (i.e if it can escape from the mouth of those corrupt officials) i might have a house of my own.

  • samson bekele says:

    It is nice start and i hope you done in correct way with out partiality. “God bless Ethiopia”.

  • mihret girma says:

    yih edil be wich hager leminorut ethiopiyawiyan ayimeleketm weyis yimeleketal lemisale egni besidet lemininorew bet lelilen sewch melte new??
    ameseginalehu

  • alemu says:

    Really appreciated & our peoples are awaiting to be served in this pragmatic & interesting program.

  • Tedi says:

    It is really good job!!Let me know the registration and put our finger.

  • Kebede Tasew says:

    It is wonderful, that the government is trying to alleviate problems regarding,
    transport particularly railways transport across the country. And it is also appreciable that Ethiopia is working very close with China to flourish and develop different infrastructure by getting significant aid and loan. But the government of Ethiopia must consider about good governance, democracy and the rule of law. Domination of small groups significantly affects the life of 90 millions people. Distribution of wealth should be fair and right. Stop ethnic politics and the government must be stand for all people equally and truly.

  • tsegabrhan says:

    every Ethiopian citizen has the right to live and work on any place of ethiopia as long as he has the identity card of local Ethiopian citizen says the ethiopian constitution but the addiss ababa city houses agency is breaking these law.the agency is putting a precondition for the condominium registration which breaks these law(has said on ERTV to be a house owner one has to have been living in addis at least two years) .these is very shame .for example i was born and raised in addis but after graduation i was working in different regional areas of Ethiopia but now i came back to addis after 10 years of service serving my ethiopian citzen last year.but now i was denied to register in the condominium house.these was my fate after long serving of my poor ethiopian people.

  • demeke says:

    the city government has also announced that it is preparing to give houses to diaspora living abroad. On the other hand the government is denying poor Ethiopian citizens of addis ababa residents with less than two years of residence. these is very disappointing.the government has to ban the limiting criteria of residence.even there are so many addis residents who were working in different regions of Ethiopia and now has retuned recently to their birth place to live and work in addis.

  • gashaw says:

    first come first served. Principle does not apply in the situation of condominium Because we all are Ethiopian. Either we came first or late we are working for Ethiopian people including addissababa. For example I was working in gilgile gibe hydroelectric power project I have finished my contract and I came to addis for other work and to live.should I be prioritized last because I came late?

  • habilsiefu says:

    as u know it is a good oportunity for the people but the most emportant thing is u shoud catagorize the registration and consider to give a chance for specially for maried ,and specially for addis abeba citizens this can help u to make things easy to menimize coraption and minimize migrants.

    • nura says:

      I don’t believe that because you are married and you get special treatment. That is only for United Arab Emirates who want their population to grow give special attention to married people. But we Ethiopians have enough people so married or not married, there should be equal treatment for everybody. Second, now-a-days, Addis Ababa is receiving hundreds of new seatlers everyday from all corners. The better thing to handle this for goverment is to open more job opprtunities in all areas, and in all keleles, so that people will not jum Addis looking for job. If the government does not take some measure for mass sealters in Addis, they can build hundreds of thousands condos, they will never solve the problem of house seckers. lets do simple mathematics now: there are 111 locations to regiser 40/60 in Addis, lets say each location can register min. 800 for 11 days. The total of house seekers will 111x800x11=976800. Do you think all houses can be available in Addis Ababa City? Wish to know.

  • Demissie says:

    One of my sister, she is living in Addis and she didn’t get a chance to have her own house (Condo..) She told us always “I am wating, my name is not in the list” it is really sad. She is still hoping to have it.

    * Is their any mechanism to give priority to handicapped people? I mean is their any method to see this kind of problem to give priority.
    * I would like to inform to whom responsible for this issue:- Please take into consideration for disable people at least they should get priority. The government should give this priority for this poor disable people.

    I hope…

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