Kachanchabuseta
JF-Expert Member
- Mar 8, 2010
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NATIONAL SOCIAL SECURITY FUNDINPUTS FOR NSSF MEMBERS TO BUY AFFORDABLE HOUSES AT MTONIKIJICHI, TEMEKE, DAR ES SALAAM.
1.1 In line with the Funds mission to meet the evolving social security needs of its members, the Fund has constructed a total of 300 affordable housing units on Plot No. 1 308, Block 8 which is located in Mtoni Kijichi in Temeke District, Dar es Salaam.
1.2 These houses are located a distance of approximately 18 km from Kigamboni Ferry using the Kigamboni Kongowe road and 15 km from the City centre via Kilwa Road. They are situated a distance of about 2 km off Kigamboni Kongowe Road.
1.3 The houses were built under two phases, of which 85 units were constructed under Phase I and 215 units in Phase II of the Project. Worth noting is the fact that the Fund intends to construct 900 more housing units in same locality. Whilst Phase I and II provides stand alone housing units, Phase III will provide apartments.
1.4 These houses are now available for sale on either cash or mortgage basis to Tanzanians who are NSSF Members. Members wishing to use mortgage modality are advised to visit Commercial Bank of Africa for concessionary based mortgages. However, mortgages from other banks are also acceptable.
1.5 Prospective buyers are required to buy an Application Form from any of the Funds offices located all over the country. The fee for each form is Tshs. 5,000/= which is non-refundable
.
2.0 BRIEF DESCRIPTION OF HOUSES AVAILABLE FOR SALE
2.1 There are ten (10) types of house designs comprising of two (2) to four (4) bedroom houses. The average size of each house is between 75 sq.m and 125 sq. m.
2.2 Houses are differentiated on the basis of built-up area, number of rooms and extra facilities incorporated in each house, e.g. carports, solar water heating systems and/or provision for house expansion.
2.3 Electricity has been connected through a dedicated high tension transmission line and transformer. Water, through two deep boreholes, is available and an independent meter for each house for charging bill has been installed.
2.4 A brick wall has been built around the project site for security purposes.
3.0 SPOT SELLING PRICES
3.1 Below are spot selling prices for each type of house in Phase I and Phase II.
These prices are inclusive of Value Added Tax (VAT):
(i) Spot Selling Prices for Houses Constructed Under Phase I
| Type of house | No. of units | Build up area (sq. Metre) | spot price |
| IA 2 bedrooms | 9 | 75 | 68,000,000 |
| IB - 3 bedrooms | 10 | 110 | 100,000,000 |
| 2 3 bedrooms | 16 | 85 | 77,000,000 |
| 3A 3 bedrooms | 8 | 95 | 86,000,000 |
| 3B 4 bedrooms | 6 | 115 | 104,000,000 |
| 3C - 3 bedrooms with Car | 5 | 115 | 104,000,000 |
| 4A 2 bedrooms | 9 | 85 | 77,000,000 |
| 4B 3 bedrooms | 6 | 100 | 91,000,000 |
| 5A 2 bedrooms | 7 | 100 | 91,000,000 |
| 5B 3 bedrooms | 9 | 120 | 109,000,000 |
85 |
(ii) Spot Selling Prices for Houses constructed under Phase II
| Type of house | No. of units | Build up area (sq. Metre) | spot price |
| I 3 bedrooms | 38 | 120 | 113,000,000 |
| 2 - 3 bedrooms | 40 | 105 | 99,000,000 |
| 3A - 3 bedrooms | 8 | 95 | 90,000,000 |
| 3B - 3 bedrooms | 32 | 125 | 117,000,000 |
| 4A - 3 bedrooms | 12 | 95 | 90,000,000 |
| 4B - 3 bedrooms | 39 | 115 | 108,000,000 |
| 5A - 3 bedrooms | 13 | 105 | 99,000,000 |
| 5B 4 bedrooms | 33 | 125 | 118,000,000 |
215 |
4.0 PURCHASE MODALITIES
4.1 Houses will be sold through either outright purchase or mortgage
arrangements.
4.2 OUTRIGHT PURCHASE
4.2.1 Members who are intending to purchase any house available using outright purchase arrangements are required to buy an application from any of the Funds offices, filling in all relevant information about their membership and return the form to the Fund for prequalification.
4.2.2 After prequalification, a letter of offer will be issued and theprospective buyer shall be required to complete all purchase formalities and full payment for the house within seven (7) working days since issuance of the offer letter. Any delay beyond this time frame shall lead to automatic termination of the offer and forfeiting of any amount so paid.
4.3 MORGATE ARRANGEMENTS
4.3.1 Members intending to purchase houses using mortgage arrangements shall have to buy an application form from any of the Funds offices, fill in all relevant membership information and return the form to the Fund for prequalification. Offer Letters will be issuedto applicants meeting the minimum membership requirements. The Offer Letter will then be used for processing a mortgage from a Bank or any other financial institutions.
4.3.2 Any Bank or financial institution willing to issue a mortgage to any prequalified member of the Fund will have to issue a Mortgage Approval Letter and the same will be used by the Fund for final allocation of a house and completion of a legal procedures and financing closure.
4.3.3 Worth noting is the fact that the Offer Letter issued to any prequalified member of the Fund is not a commitment by the Fund on the availability of the house indicated in the latter. A firm commitment by the Fund will be made at the time the applicants
secures a Mortgage Approval from the Bank/Financial Institution. At
this point a specific house, depending on the availability, will be
allocated and lock-on for mortgage process finalization.
4.3.4 The mortgage finalization process should be completed within a
period of two weeks beyond which the commitment by the Fund on
the availability of the indicated house will expire and the said house
shall be allocated to next mortgage approved member.
4.3.5 Members of the Fund are enticed to approach Commercial Bank of Africa (CBA) with whom the Fund has agreement for the Bank to issue concessionary-based mortgages to members of the Fund who are intending to buy houses these houses.
4.3.6 However, mortgage arrangements from other Banks convenient to the prospective buyers will also be accepted.
5.0 ELIGIBILITY
5.1 The following are necessary eligibility conditions for any person to be qualified as a prospective buyer of any one of houses being sold by the Fund:
i) s/he should be a Tanzanian, duly registered with the Fund (NSSF), who has contributed for at least thirty six (36) months and is current in her/his contribution remittance; and
ii) s/he should have not have acquired a house from the Fund previously;
6.0 OWNERS ASSOCIATIONS
6.1 It worth noting in advance that as per Unit Title Act, 2008, those who will be
owners of these houses will be required to form Owners Association which
will formulate by-laws to guide on the use and management, among others,
of common and general community life style. The Fund will facilitate the
initial stages. All buyers will be required to abide to the by-laws that will set
be this Association.
_ _
7.0 APPLICATION FORMS
7.1 Application forms for buying the houses indicated above are available at all NSSF offices all over the country.
7.2 Each application form will be used for applying one house only and each member will be required to apply for one house only.
7.3 Each Application Form is available at a non-refundable fee of Tshs.
5,000/=
7.4 Prequalification of members eligible for buying these houses will be done before purchase of the Application Forms.
7.5 Duly completed forms shall be submitted in a sealed envelope addressed to:
Director General
National Social Security Fund
P.O. Box 1322,
DAR ES SALAAM
7.6 A copy of a receipt issued for paying the application fee should be attached with the form for the application form to be considered legitimate.
8.0 SITE VISITS
8.1 There are personnel stationed at the project site (Mtoni Kijichi) to provide information and to conduct tour guides for those who will prefer to make
physical inspection of the houses. However, the inspection is not mandatory as qualifying criteria.
8.2 Site visits are allowed from 0900 hrs to 1700 Monday to Sunday:
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9.0 CONTACTS
9.1 For more information
Hotline: +255 756 140 140
+255 767 140 154
+255 756 140 118
+255 756 140 100
Postal Address: Director General, NSSF, Box 1322, DSM
Tel: +255 22 2163400 - 19
Physical Address: Benjamin Mkapa Pensions Towers along Azikiwe /
Jamhuri Street
