8 banks to fund purchase of NHC houses

[BabuK]

Urged to charge affordable interest, set reasonable repayment periods

Lands, Housing and Human Settlements Development minister Prof Anna Tibaijuka (4th-L) pictured with heads of seven banks who signed agreements with National Housing Corporation.


The National Housing Corporation yesterday signed a Memorandum of Understanding (MoU) with eight banks to finance home seekers purchasing houses from it at reasonable repayment rates.
Witnessing the signing ceremony in Dar es Salaam, Prof Anna Tibaijuka, Minister for Lands, Housing and Human Settlement said: “Mortgage product is highly needed in the country…my appeal to the banks is that they provide loans that are affordable to a wide section of home seekers.

Affordable interest rate and repayment period are issues that need to be addressed urgently”, said Prof Tibaijuka explained that interest rates of between 15 and 20 percent are very high and unaffordable to mortgage seekers.

She said the government should also participate in funding affordable houses through the ministry of finance.
According to her, the interest rate for constructed NHC houses should be between 8 and 9 percent.

She said the banking sector plays an important role in the country’s development process, and if people were left to depend on their own resources to finance their own activities, they would not achieve any significant development.

“The housing sector plays a more critical role in the country’s welfare than is acknowledged. It is one of the three most important basic needs of mankind after food and clothing”, she noted.

She explained that the absence of mortgage financing in Tanzania had resulted into people depending on informal finance system since the demise of Tanzania Housing Bank (THB) in 1995.

The minister noted that absence of the facility has affected the country’s economy in several ways, with the majority of Tanzanians being forced to build houses through own savings, saying that it took them between five and ten years for one to complete a house under such circumstances.

Prof Tibaijuka said that in 2003, the government with support from UN Habitat conducted a study on re-establishing a formal housing finance system, and recommended an amendment of the 1999 Land Act and other laws in 2008.

Applauding Commercial Bank of Africa, Azania Bank, Stanbic Bank and Kenya Commercial Bank, which were already offering mortgage financing, the minister called on more banks to offer the facility.

Meanwhile, NHC Director General, Nehemia Mchechu commended the banks that have agreed to offer such loans to Tanzanians, naming them as NMB, NBC, KCB (T) Ltd, Exim Bank, Bank of Africa T) Ltd, Commercial Bank of Africa, Stanbic Bank and Azania Bank (T) Ltd.

He said that the corporation has started building the 15,000 housing units outlined in its five-year strategic plan ending 2015. He said they have started selling houses built at Medeli area in Dodoma, Meru Residential Apartments in Arusha while the houses at Ubungo and Chang’ombe in Dar es Salaam will be completed this financial year.

He explained that NHC will also provide subsidy for construction of 5,000 houses for low income earners to enable them own houses in big cities. He said the government should also assist through provision of funds to enable construction of house for low income earners.

Chairman of the Bankers Association of Tanzania, Lawrence Mafuru said the move is good since it is geared at improving the living standards of the people.

He advised the government to fast track issuance of National Identity Cards to help banks know their customers. He said the national IDs are useful for bankers because they consist of crucial information including the personal financial capacity.



SOURCE: THE GUARDIAN

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[Chapakazi]

Naona CRDB wamejiweka pembeni! Ivi benki gani ndio kubwa bongo?

 

[MPadmire]

Too fun, bei ya nyumba utafikiri New York?

Hizo nyumba za NHC ni ghali mno ukizingatia kwamba NHC wamepata viwanja kwa bei rahisi.

Pia haiko maeneo rafiki, kununua apartment katika flats, ghorofani, kama unawatoto it is too risk.

Pia katikati ya mji watoto hawana uhuru wa kucheza.

Pia hakuna hewa.

Watu wengi watanunua viwanja na kujenga nyumba, ni bei rahisi kabisa.

Kiwanja Arusha ni kama milioni 2 hadi 5. Kujenga ni kama millioni 2 mpaka 5. Jumla ni kama million 10 hadi 20, inategemea.

Sasa NHC wanauza ghali mno (million 100 mpaka 200) kwa room 3, Damn expensive. No one will go for it.

 

[LAT]

Too fun, bei ya nyumba utafikiri New York?

Hizo nyumba za NHC ni ghali mno ukizingatia kwamba NHC wamepata viwanja kwa bei rahisi.

Pia haiko maeneo rafiki, kununua apartment katika flats, ghorofani, kama unawatoto it is too risk.

Pia katikati ya mji watoto hawana uhuru wa kucheza.

Pia hakuna hewa.

Watu wengi watanunua viwanja na kujenga nyumba, ni bei rahisi kabisa.

Kiwanja Arusha ni kama milioni 2 hadi 5. Kujenga ni kama millioni 2 mpaka 5. Jumla ni kama million 10 hadi 20, inategemea.

Sasa NHC wanauza ghali mno (million 100 mpaka 200) kwa room 3, Damn expensive. No one will go for it.

Mkuu ............. ni Arusha ipi kiwanja ni 2-5M na ni nyumba ya namna gani inajengwa kwa 5M au labbda siyo Tsh hizo,, mkuu in TZ a middle class or call it moderate house three bedroom finished will cost plus or minus 60M .... PERIOD

this is the fact on the ground

 

[Chapakazi]

Mkuu ............. ni Arusha ipi kiwanja ni 2-5M na ni nyumba ya namna gani inajengwa kwa 5M au labbda siyo Tsh hizo,, mkuu in TZ a middle class or call it moderate house three bedroom finished will cost plus or minus 60M .... PERIOD

this is the fact on the ground

Kwa nini ujenzi wa nyumba bongo ni ghali hivyo?

 

[LAT]

Kwa nini ujenzi wa nyumba bongo ni ghali hivyo?

1. unscrupulous construction and real estate practices

2. maladministration and poor government policies on both urban and rural planning, that causes shortage of surveyed plots which hikes the prices of land

3. high price on building materials due to imposed high taxes

4. lack of domestic manufacturing industries for building materials

5. believe me or not aquiring a house by building it by your own costs very high (your time, supervision etc) compared with buying a home under normal mortage/housing finance if any

note: ukijenga nyumba mwenyewe lazima mafundi wakuibie 1/8 ya total cost which is 12.5% , hii percent ungeweza kulipa kama interest under morgage and the end product have quality

 

[Gaijin]

Too fun, bei ya nyumba utafikiri New York?

Hizo nyumba za NHC ni ghali mno ukizingatia kwamba NHC wamepata viwanja kwa bei rahisi.

Pia haiko maeneo rafiki, kununua apartment katika flats, ghorofani, kama unawatoto it is too risk.

Pia katikati ya mji watoto hawana uhuru wa kucheza.

Pia hakuna hewa.

Watu wengi watanunua viwanja na kujenga nyumba, ni bei rahisi kabisa.

Kiwanja Arusha ni kama milioni 2 hadi 5. Kujenga ni kama millioni 2 mpaka 5. Jumla ni kama million 10 hadi 20, inategemea.

Sasa NHC wanauza ghali mno (million 100 mpaka 200) kwa room 3, Damn expensive. No one will go for it.

Nyumba milioni 2-5? Hiyo Milango na madirisha pekee ndio bei hiyo.

 

[Margwe]

Too fun, bei ya nyumba utafikiri New York?

Hizo nyumba za NHC ni ghali mno ukizingatia kwamba NHC wamepata viwanja kwa bei rahisi.

Pia haiko maeneo rafiki, kununua apartment katika flats, ghorofani, kama unawatoto it is too risk.

Pia katikati ya mji watoto hawana uhuru wa kucheza.

Pia hakuna hewa.

Watu wengi watanunua viwanja na kujenga nyumba, ni bei rahisi kabisa.

Kiwanja Arusha ni kama milioni 2 hadi 5. Kujenga ni kama millioni 2 mpaka 5. Jumla ni kama million 10 hadi 20, inategemea.

Sasa NHC wanauza ghali mno (million 100 mpaka 200) kwa room 3, Damn expensive. No one will go for it.

Hiyo bei ni ya 2003 mkuu, sasa hivi kwa surveyed area ukipata kwa less than 10m then the deal must be too good to be true!Kwa ujumla nakubaliana na wewe kwamba NH hawana nia ya kuwakwamua watz na shida za nyumba ila wana mpango wa kuwakamua na kuwa-enslave kwenye mortgage. No woories tycoons will go for it.

 

[msani]

Hiyo bei ni ya 2003 mkuu, sasa hivi kwa surveyed area ukipata kwa less than 10m then the deal must be too good to be true!Kwa ujumla nakubaliana na wewe kwamba NH hawana nia ya kuwakwamua watz na shida za nyumba ila wana mpango wa kuwakamua na kuwa-enslave kwenye mortgage. No woories tycoons will go for it.

mi nimefanya kautafiti kangu kidogo tangu taarifa zitoke kuhusiana na hizo nyumba,kulingana na masharti ya nhc na benki zilivyojiweka kwenye sehemu salama ya mporomoko wa shilingi na faida kwao,nadhani kama hauhitaji presha hapa mjini tafadhali achana nazo na jipange upate hata kiwanja sehemu na uanze kujenga taratibu iwapo kipato chako ni chini ya milioni moja na hauna shughuli nyingine ambayo inaweza kukuingizia kiasi kingine kisichopungua milioni moja,na hii naongelea kwa mwezi.
naona hapa tunaandaliwa maisha ya kuishi kama mtumwa kwa maisha yetu yote,kama vipi bora kujipanga kununua kwa taslimu,kwa walioko dar nadhani wanajua nyumba za NSSF za kinyerezi zilizojengwa mwaka 1996 na sasa hazitamaniki na watu wana madeni hawajamalizia
hili ni bomu wa jf

 

[Deshbhakt]

There are bound to mind boggling benefits for these banks as some estimates are at a 25mi housel, you will end up paying upto 60-65mil eventually.

 

[Erick_Otieno]

NHC wako kibishara na ushindani wa real estate na mortgage kwa Tanzania ni mdogo sana kama sio haupo kabisa, hivyo ni lazima watuchue hii nafasi kupata faida ya kufa mtu. Labda kama yatawekwa mazingira mazuri kwa sekta binafis kuweza kuingia katika hii biashara ya real estate na mortgage products ili kuongeza ushindani ndio tutapata nyumba za bei nafuu.

 

[Kilwamasoko]

Inabidi Nikutafute ili unionyeshe NYUMBA ya bei hiyo lazima itakuwa ya Hali ya chini

 

[MPadmire]

Ishi kulingana na kipato chako,

Tumia mazingira yako unufaike.

Tumia matofali ya kuchoma, ni nyumba za gharama nafuu sana. Kwa sababu hayajitaji sementi, ukijenga nyumba haihitaji finishing kama plaster wala rangi. matofali yenyewe ni urembo yakipata fundi mzuri.

Tembeeni muone, Nenda Iringa, Nenda Arusha, (Mahoteli ya kitalii, mashule, mahospitali) yamejengwa kwa gharama nafuu na yanapendeza.

Kama serikali ikipima viwanja na kugawa - wananchi wanalipia at ada kuanzia laki moja mpaka laki 5. Kwa nini ukanunue kiwanja wakati hii nchi ina ardhi. Ni suala la Serikali au manispaa kupima na kuwagawia wananchi.

Tuseme manispaa zimepima ukalipa laki 5, weka ujenzi million 15. Nyumba ni kati ya million 15 na 20, tena nyumba kubwa.

Jiulize, huyo anaekuuzia kiwanja kakitoa wapi???

Bila ufisadi gharama za nyumba haizidi milion 20. Tena nyumba ya room 3, sebule, store, car garage/park na garden.

NHC ni upuuzi mtupu, NHC wamejenga kwa ajili ya wawekezaji ila si wananchi wa Tanzania.

 

[Erick_Otieno]

Ishi kulingana na kipato chako,

Tumia mazingira yako unufaike.

Tumia matofali ya kuchoma, ni nyumba za gharama nafuu sana. Kwa sababu hayajitaji sementi, ukijenga nyumba haihitaji finishing kama plaster wala rangi. matofali yenyewe ni urembo yakipata fundi mzuri.

Tembeeni muone, Nenda Iringa, Nenda Arusha, (Mahoteli ya kitalii, mashule, mahospitali) yamejengwa kwa gharama nafuu na yanapendeza.

Kama serikali ikipima viwanja na kugawa - wananchi wanalipia at ada kuanzia laki moja mpaka laki 5. Kwa nini ukanunue kiwanja wakati hii nchi ina ardhi. Ni suala la Serikali au manispaa kupima na kuwagawia wananchi.

Tuseme manispaa zimepima ukalipa laki 5, weka ujenzi million 15. Nyumba ni kati ya million 15 na 20, tena nyumba kubwa.

Jiulize, huyo anaekuuzia kiwanja kakitoa wapi???

Bila ufisadi gharama za nyumba haizidi milion 20. Tena nyumba ya room 3, sebule, store, car garage/park na garden.

NHC ni upuuzi mtupu, NHC wamejenga kwa ajili ya wawekezaji ila si wananchi wa Tanzania.

Mkuu haya matofali ya kuchoma kwa DSM inawezekana kweli?

 

[Ndinani]

Nimekuwwa nikilifikiria kwa karibu sana swala hili la morgage finance iliyoanzishwa Tanzania. Serikali yenyewe inaingiaje kwenye model hii ya NHC kujenga nyumba halafu mabenki kuwakopesha wanannchi fedha za kununulia hizi nyumba? Nauliza hivyo kwasababu moja kubwa kuwa siku ya kutiliana saini kati ya NHC na hayo mabenki yatakayoshiriki kwenye mpango huo alikuwepo waziri wa Ardhi DR. Tibaijuka na Lila Mkila, Deputy Governor wa BOT ambao uwepo wao unaashiria ushiriki wa serikali katika mpango huu. Swali langu kwa wahusika ni moja, je iwapo hao watakaokopeshwa hizo nyumba na NHC wakashindwa kulipia morgage huko mbele na kama thamani ya nyumba hizo wakati huo [foreclosed kwa kushindwa kulipa] ni chini ya deni lililobakia benki nani atafidia hiyo hasara? Hili jambo ni vyema likawekwa wazi kwani haya mabenki pengine yamekubali mpango huo kwa kutegemea kuwa kama hali kama hiyo ikitokea serikali kama guatantor[ presence ya Mkila na Tibaijuka] ndio watakao fidia hayo mapungufu. Na kama hivyo ndivyo basi huu sio mpango mzuri kwa wananchi kwani in the event of a potential loss kodi za wananchi zitatumika kubail out hizi benki lakini pale watakapopata faida wanannchi hawanufaikai!! It will make sense if the commercail banks bore that risk themselves.

 

[Kilwamasoko]

Mimi Mzee wa kilanjelanje kule Kwetu tunajua ya kwamba mambo Kama haya yamekuwa ya Kawaida na hap a Kwetu yalichelewa Sana. Sasa Wewe ndugu yangu unajua hataa shamba la ming'oko linaongegzeka thamani Kila Mwaka - kwa NYUMBA ndio balaaa- kwa tanzania, mabenki yamekuwa yakitoa Mikopo bila security na watu wamekuwa Hawalipi kwahili wamefurahia Sana - Kopa uache urithi na sio Madeni

 

[TIMING]

wadau nyumba zimeshauzwa na kama mtabisha i bet 100 dollars.... wenye nyumba wanajijua na ni wanene