Architect Impression Of The 372 Youth & IPS Flats

November 18, 2015

1 minute read

Botswana Housing Corporation has release architect impression of the Youth & Installment Purchase Scheme flats to built at Plot 63238 behind Ledumang Primary School at Broadhurst. The property comprise a total of 372 flats in several blocks. Construction is expected to start very soon after all the necessary processes have been finalized.

The scheme involves the design and construction of three storey flats, (2 beds) at Tsholofelo, Gaborone. The Corporation will soon start the construction of the houses which will mainly house the youth and Batswana earning between P3 000.00 and P 7 000.00

The Corporation secured P400 million from the Government through Public Debt Service Fund (PDSF) for the commencement of the project. The installments period for the scheme is 25 years with interest charged.

Eligibility criteria for Installment Purchase scheme (IPS)

Must be citizens of Botswana of ages 18-65 years.

Employed individuals/ households within the income bracket of P3, 000.00 to P7, 000, 00 per annum.

An applicant must have not acquired any ownership of plot in the designated area the scheme is running.