The Daily Observer (Banjul)
Musa Ndow
19 June 2009
In an effort to improve on housing conditions in The Gambia, especially for the low and middle income earners, Social Security and Housing Finance Corporation, yesterday unveiled a D400M housing project at Makumbaya, East of the Banjul International Airport.
This project, as disclosed during a press briefing, will enable SSHFC to discharge its social and public mandate in providing affordable shelter for Gambians and concomitantly enable the government to fulfil a key aspect of its social contract with the general population. "This project has huge tangible and intangible benefits with an anticipated profit of over D15 million dalasi, and it will also enable SSHFC to achieve its dream of transforming the airport area into a modern metropolis in keeping with the current status of the New Gambia," Tumbul Danso, the managing director of SSHFC told journalists at the news briefing which was held at their head office in Banjul.
Accordingly, he went on, the project will give the SSHFC access to a prime piece of land for residential development, which however, is currently under private ownership. Danso added that the project, among other things, will target middle and low income earners, renters and those living in crowded, multi-shared family homes.
The need to enhance the aesthetics of the airport area, Danso said, is paramount, informing journalists that very soon they will invite applications from interested Gambians living at home and in the Diaspora for the various facilities under the project. The SSHFC boss concluded by saying that the project will comprise SSHFC's usual project options I to IV, adding that a co-financing arrangement is ready being pursued. The ceremony was also attended by senior officials of the Social Security and Housing Finance Corporation.
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