June 8, 2012
The City Administration of Addis Ababa, Ethiopia is set to transfer 20,000 condominium houses to beneficiaries in the next two months announced a statement.
The construction of some of the condominium buildings is fully complete while others are still under construction according to the statement released by the Construction and Housing Development Bureau of the City.
The buildings are located at various sites around the city including the Jemo II and III sites and Lideta.
The city is also in the process of constructing 170,000 condominium houses to be completed in the coming three years according to the Communication Affairs Bureau of the administration.
It is to be remembered that the pilot program for the condominium housing project was launched in 2003 and the city has transferred 72,000 houses since 2005. The Addis Ababa Administration has introduced the Integrated Housing Development Program on the basis of the success and the lessons of the pilot project.
The housing program is designed to address a range of problems, as well as addressing the need for housing within the city, including curbing unemployment through creating jobs in the construction sector, increasing the number of micro enterprises engaged in meeting the needs of enhanced construction and rehabilitating slum areas of the city through the redevelopment program it was learned.
Source: Ethiopian News Agency