Victoria Falls commissions housing stands

Leonard Ncube, Victoria Falls Reporter

MORE than 1 300 housing stands were commissioned in Victoria Falls yesterday, paving the way for their allocation to beneficiaries.

Last year Victoria Falls municipality entered into a $12 million partnership with CBZ bank to service the housing stands targeting low income earners.

Local Government, Public Works and National Housing Deputy Minister, Christopher Chingosho, commissioned the 1 353 low density and medium density housing.

One stand was handed over to a beneficiary Mr Reason Nyoni, with more allocations expected to start today.

CBZ Holdings chief executive officer Mr Never Nyemudzo said all the stands had been sold out as he invited beneficiaries to start applying for mortgage loans from the bank. Victoria Falls Mayor Councillor Sifiso Mpofu said the completion of the project is a milestone.

The housing scheme has been hanging in the balance as more than 400 home seekers in the resort town were at loggerheads with the municipality over a piece of land, which they invaded to stop the bank from allocating beneficiaries.

However, Local Government, Public Works and National Housing Minister Saviour Kasukuwere who was in Victoria Falls for the 36th Shelter Afrique annual general meeting on Wednesday said none of the concerned beneficiaries would lose their stands. Shelter Afrique, an organisation that deals with financing of housing projects in the continent, is in partnership with the bank in funding the project. — @ncubeleon.

Source: Victoria Falls commissions housing stands (7/7/17)