Arusha — THE National Housing Corporation intends to establish two new satellite towns cities in Meru and Arusha-Rural Districts, the two precincts where NHC owns more than 1 000 acres of land.
The state-owned and Tanzania's oldest public real-estate developer, also has plans to build a total of 15,000 housing units countrywide, with 70 per cent of these houses to be sold and the remaining 30 per cent will be rented out.
"We own more than 1000 acres of vacant land in the locality that we intend to develop into new satellite towns not to overshadow or make the existing Arusha City obsolete but rather to complement the fast growing urban centre which serves as the capital for the East African Community," stated the NHC Director General, Mr Nehemia Mchechu.
Mr Mchechu explained that the NHC owns 600 acres in Burka area of Arusha-Rural and 300 other acres in Meru District all of which will provide land for the two proposed satellite cities whose feasibility studies have already been undertaken.
The Minister for Lands, Housing and Human Settlement Development, Dr Anna Tibaijuka, on Wednesday inaugurated new residential apartments being constructed by the NHC in Levolosi, Arusha City, a project which complements the NHC mission to "house the nation."
"I have just held talks with the Arusha Regional Commissioner, Mr Megessa Mulongo, and have agreed to re-draw the master plan for Arusha city because this urban centre is the pearl of Tanzania's tourism and diplomatic activities," said Dr Tibaijuka.
The Minister pointed out that, it was also time for the Land and Settlement Ministry to establish special windows that will be providing special house loans to Tanzanians in all banks and other financial institutions in the country.
"The founder of our nation, Mwalimu Julius Nyerere, knew the importance of quality residential units for Tanzanian citizens and that is why he started with the formation of the National Housing Corporation in 1962," said Dr Tibaijuka.
She added that the government later established the Tanzania Housing Bank (THB) to help people secure loans or mortgages in order to own homes but unfortunately the THB went bankrupt, and her ministry will resurrect the same initiative but this time through opening special loaning windows in existing banks.