Friday, June 21, 2024

BHC continues to perform well

The embattled Botswana Housing Corporation (BHC) tried to lift-up its image by saying that they completed 635 houses over the past year as an attempt of improving accommodation in the country.

The agency’s main mandate is to build and rent out at subsidized rates, and on behalf of government, houses in Block 7.

The BHC Chief Executive Officer, Reginald Motswaiso, said that in the last financial year, they built 635 houses and they are on course to meet NDP 9 target to deliver 3 400 housing units by 2009.

Motswaiso said in line with the goal of promoting homeownership in the country, the BHC had, over the last three years, enabled 1 945 Batswana to own homes and facilitated them to buy houses from the Corporation.

“On the financial front, the Corporation continues to perform well and maintain a healthy cash flow,” he said.

Motswaiso said in the 2006/2007 financial year, the Corporation recorded a surplus of P100 million.
“During this period, P108 million of the internally generated funds were used from development projects,” he added.

Motswaiso said his ambition is to complete 900 housing units by the end of this financial year ending March next year.

Other plans for the year include 400 flats in Block7, 30 high cost houses in Francistown, 114 housing units in Palapye, 100 housing units in Selibe Phikwe, 113 housing units in Maun, 60 housing units in Kasane and 134 housing units in Ga-Phatshwa.


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