Housing developer, Destiny for Africa Network, says it is targeting Zimbabweans in the diaspora with low income housing schemes by offering residential stands at flexible and affordable terms.
Destiny for Africa Network found Obadiah Musindo said some Zimbabweans in various countries across the world were not earning enough to buy houses in cash, but desperately yearned to become homeowners.
The developer runs several housing projects in various cities such as Mutare, Marondera, Kadoma, Karoi, Kariba and Chinhoyi.
Musindo said they intended to reserve a portion of land at each project for Zimbabweans in the diaspora.
“Many Zimbabweans working outside the country are earning less and can't afford to get mortgages to build back home,” he said.
“Most banks demand a lot in collateral security to give a loan. Only people with stable income can qualify, it excludes those in the diaspora and informal traders.
“These are the people we are now saying were referred to when President (Emmerson) Mnangagwa said no one should be left behind and we have put aside land for those in the diaspora where they can pay off serviced stands in a period of five years.
“The stands are reserved on private land, with title deeds. Those with money can pay up quickly and get their title deeds.”
- Churches divided over resumption of services
- Churches divided over resumption of services
- Developer targets diaspora with low cost housing
Keep Reading
The Destiny of Africa Network has been rolling out residential stands since 2002 and has developed 57 000 stands to date. Mutare alone under phase 2 and 3 has over 9 000 beneficiaries.
“We have reserved over 30 000 stands for those in the diaspora by 2030 and the number can be increased,” Musindo said.
Last month, Destiny of Africa Network launched its third phase of affordable housing projects for low-income earners and the disadvantaged.
