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KK 10800 housing project to be completed by the end of 2026

     Society              
  • Luanda • Sunday, 28 July de 2024 | 14h14
Centralidade KK 5800
Centralidade KK 5800
Domingos Cardoso - ANGOP

Luanda - The recovery and duplication of the KK 10800 urbanization could be completed by the end of 2026, the director-general of the National Housing Institute (INH), António Silva Neto, said on Saturday in Luanda.

The official made this statement to the press, at the end of a visit to the KK 5800 and Vida Pacifica urbanizations.

He clarified that for this new phase, which is expected to have 10,800 homes, a rehabilitation program was outlined, based on the exchange model, taking into account the scarcity of public funds for this purpose.

He pointed out that in this model, about 265 apartments and 174 detached house have been recovered so far.

'The idea was to attract partners with technical and financial capacity for the success of the program and, with that, set a quota for the construction company and the Government', he stressed.

He said that after its completion, they will have an acquisition model via bank credit, within the framework of an instrument of the National Bank of Angola (BNA).

'Candidates will first undergo a validation of the process by the INH and will receive a comfort letter to negotiate with their bank, where 70 percent of the amount ceded will be used for the recovery of the house, 25 percent for the cost of internal infrastructure and the remaining five percent for the Single Treasury Account (CUT),' he explained.

The visit included a delegation from the National Youth Council (CNJ), led by its president, Isaías Kalunga, who defended the 20 percent rate of the quota of state housing projects for young people.

In this regard, the official said that beneficiaries via CNJ will undergo a new selection model with their companies, to avoid constant leakage of property payments.

He regretted the fact that there is an 80 percent rate of non-payment of monthly fees by beneficiaries.

He added that, together with the INH, they will exhaust all mechanisms to raise awareness among residents, before the State activates the legal mechanisms.

He advised citizens not to adhere to the maneuvers made on social networks, as well as other unofficial or illegal ways to access housing. SJ/OHA/DOJ





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