How to speed up your property transfer

Time is money – and transfer delays can be costly

In complex, protracted transactions like property sales, delays are not only frustrating, they can also be extremely costly and may even torpedo the deal completely. However, while some delays cannot be foreseen, it’s possible to exponentially reduce the risk by doing one’s homework and having all one’s ducks in a row from the onset.

This is according to Jill Lloyd, veteran agent and Area Specialist in Rondebosch and Claremont for Lew Geffen Sotheby’s International Realty, who says: “Essentially there are two primary types of delay; the first relating to the confirmation of the sale and those that occur once the sale has been confirmed and hold up the transfer.

“Property transactions are known to be lengthy processes with multiple steps and reams of documentation, and once the potential minefield of suspensive conditions and contractual obligations has been successfully navigated and the deal is finally done, many people breathe a sigh of relief. But the expected downhill cruise to transfer can still become an uphill battle if one isn’t careful.”

 

Lloyd explains how this can happen:

“One of the main reasons for delayed transfers is that the timeline is out of sync, especially when two or more deals are linked and money from one sale is needed to purchase the next property and so on. I once brokered a transaction with seven linked deals all dependent on the sale of a Rondebosch East home and we had to pull out all the stops to get the house sold in time.

“It is also very important for buyers to budget for the transfer costs of the new property they are buying or have an access bond in place on their current home, otherwise when the attorney calls for bond cancellation that bond account will be frozen and they will not be able to access the funds.”

She adds that not giving the required 90 days’ notice of cancellation of the existing bond can also cause delays as well as avoidable late cancellation fees.

“If a homeowner is seriously thinking about selling, they should give notice to the bank holding the bond. In doing so, they are not committing to selling, merely notifying the bank of the possibility and they can keep on renewing the cancellation if they don’t sell timeously or revoke the notification if they change their minds.”

Craig Guthrie, Partner at Guthrie Colananni Attorneys says: “One of the transferring attorney’s key roles is to coordinate and control all the role players involved in a transfer, including SARS (transfer duty), the municipality (Rates Clearance Certificate) and the bank.

In order to do this as seamlessly as possible, it is essential that both the buyer and seller submit all the necessary documentation in time, as per the legal requirements and without omissions. This is especially important if either party resides in another country or is otherwise difficult to contact for information and signatures.

 

Guthrie says that although hiccups and stumbling blocks can occur at any point of the transaction, they most commonly occur at the following stages:

  • Bond Approval
  • Bond Cancellation
  • The signing of transfer documents
  • Obtaining valid compliance certificates
  • Issues encountered at lodgements requiring the removal of notes by the Registrar of Deeds
  • Transfers which are unusual and more complex, such as estate transfers which require an endorsement of the Master of the High Court, which can cause a delay

Most of these delays can easily be avoided, through prompt co-operation with the transferring attorney and the paralegal handling their transfer or, if they are outside of South Africa, by giving a valid power of attorney to a person within South Africa who can sign the necessary documents and act on their behalf.

 

“It’s vital that the client is completely up front with the agent regarding their financial situation,” says Lloyd. “We can then facilitate and expedite the process by having our bond broker at ooba, South Africa’s largest mortgage originator, prequalify them and the thorough credit check will reveal any potential snags.

“This step is particularly important for buyers who are self-employed as banks are very strict about the documentation that they require for a bond application. At this stage I always advise all my clients to avoid making any expensive purchases that could negatively impact their affordability.”

 

Lloyd concludes: “Experienced estate agents will guide their clients every step of the way and as long as they are upfront with their realtors, there should not be too many problems to circumvent.

“I also recommend appointing an accomplished conveyancing attorney who is really on the ball. It is all very well allowing your best friend to handle the transfer, but you could end up being enemies if they make a complete hash of it and that happens more often than I like to remember!

“And, as the transferring attorney and agent work closely together behind the scenes to ensure a smooth transfer, it is always an advantage if they already have an established working relationship.”

 

Source: Private Property

States’ economies sees improvement as Fund’s intervention targets 500,000 home and 1.5m jobs

The intervention by the Family Home Fund (FHF) in the Nigerian housing sector to deliver affordable housing to low-income earners in the country will significantly improve the GDP and economy of the states where the intervention is already yielding fruits, people familiar with the Fund have said.

EchoStone is a property development firm that deploys an innovative technology which allows rapid and scalable construction of houses. It is currently building 2,000 housing units beginning with 250 units of two-bedroom detached bungalows in Idale Badagry, Lagos. FHF is to build 20,000 housing units in Lagos.

So far, about six state governments including the FCT have donated land for the development of various numbers of housing units, including Ebonyi State which has donated land for developing 1,200 homes.

Kaduna State has also donated land for its millennium city which promises about 650 homes; the ancient city of Kano has 757 homes; Asaba, Delta State, about 620 homes; Ogun State, about 1, 074 homes; FCT, about 580 homes, while Akwa Ibom has donated land and signed MoU with the fund for the construction of 5,000 low-income houses.

There is an expectation that through a combination of these housing development activities, 1.5 million jobs will be created for both skilled and unskilled labour that will be working at the construction sites.

Analysts say the creation of 1.5 million jobs will have significant impact on the economies of the states, more so with the multiplier effect of job creation.

“When you give job to one person, you shall have impacted the lives of about four or five more persons,” noted Johnson Chukwuma, a civil engineer.

He explained that, one way or another, part of the income earned by these workers goes to the state government by way of paying taxes or other levies, stressing that a state with healthy citizens is, by implication, a wealthy state.

FHF, which is arguably the largest affordable housing-focused fund in sub-Saharan Africa, was in Lagos recently and, according to Femi Adewole, its managing director, its mission to Lagos was to explore a potential partnership for a large-scale affordable housing scheme with a specific focus on Lagosians on low income.

“Alongside good quality homes, the programme will be looking to create jobs for Lagosians. Other aspects of the scheme include a commitment that we are not just to build housing units; we also need to look into the environment and climate change issues which now stare us in the face,” Adewole said.

He assured of the fund’s commitment to the provision of affordable housing, disclosing that they had invested over N20 billion in housing projects to support Nigerians who are earning below N100,000.

“We are also providing financing for developers who will build homes ranging between N2.5 million to N5 million,” he said.

Besides providing funding for the product suppliers, the Fund also aids the demand side by assisting house buyers, giving them a deferred loan for up to 40 percent cost of the houses.
The Fund supports local content in the house-building process and Adewole disclosed that their long-term objective was to ensure that up to 80 percent of manufactured inputs were locally produced.

 

Source: Chuka Uroko

Lagos Partners Family Homes Funds for 20,000 Housing Units

If discussions and strategies being advanced by all stakeholders are finally agreed upon, the Family Home Fund (FHF), Lagos State government and private developers will be sealing deals on large-scale housing development in Lagos, New Telegraph has learnt.

According to FHF’s Managing Director, Mr. Femi Adewole, in an interview with New Telegraph last weekend, the firm and the state government were exploring a potential partnership for a large-scale affordable housing scheme with a specific focus on Lagosians on low income.

Sighted in a meeting with officials of Lagos State government and Ecostone Limited, private developer’s firm in Ikeja, he disclosed that the partnership would include a significant element of regeneration, which would ensure that older parts of the city are brought back into use to provide much needed affordable homes.

The partnership, Adewole said, sought to build 20,000 housing units in the first phase, while targeting 100,000 units in all.

He pointed out that specific mechanism and roles of each party were currently under discussion, adding that the housing units would be massive and that many developers that meet the criteria would be engaged.

The FHF boss said: “The proposals involve a significant number of homes, so there is space for participation by a number of developers who meet the criteria and demonstrate that they are committed to the delivery of homes, which are affordable to Lagosians on very modest incomes since this is the area of interest for the Family Homes Funds.”

Apart from building good quality homes, Adewole added that the programme would be looking to create jobs for Lagosians.

“Other aspects of the scheme include a committment that we are not just to build housing units; we also need to tackle the environment and climate change issues which now stares us in the face,” he said. “This is important for future generations of Lagosians given that Lagos is a coastal city.”

He added that his firm would place priority on a very high level environmental sustainability standards and energy efficiency in order to respond to climate change challenges.

“As I said, discussions are going on; they are very fruitful and fully committed by all parties,” he said. “I hope that in a very near future, I will be in a position to announce a major partnership with the largest economy in Nigeria.”

The FHF boss said: “The proposals involve a significant number of homes, so there is space for participation by a number of developers who meet the criteria and demonstrate that they are committed to the delivery of homes, which are affordable to Lagosians on very modest incomes since this is the area of interest for the Family Homes Funds.”

Apart from building good quality homes, Adewole added that the programme would be looking to create jobs for Lagosians.

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“Other aspects of the scheme include a committment that we are not just to build housing units; we also need to tackle the environment and climate change issues which now stares us in the face,” he said. “This is important for future generations of Lagosians given that Lagos is a coastal city.”

He added that his firm would place priority on a very high level environmental sustainability standards and energy efficiency in order to respond to climate change challenges.

“As I said, discussions are going on; they are very fruitful and fully committed by all parties,” he said. “I hope that in a very near future, I will be in a position to announce a major partnership with the largest economy in Nigeria.”

Lagos State Commissioner for Housing, Mr. Gbolahan Lawal, officials of the ministry and that of Ecostone company, a private real estate development firm, were all sighted at the venue of the meeting.
Contacted for an interview, the commissioner declined comment.

Source: NewsTelegraph

Family Homes Funds seeks collaboration with developers on affordable housing scheme

As part of efforts at bridging the staggering housing demand-supply gap estimated at 3 million units in Lagos, Nigeria’s commercial capital, the Family Home Fund (FHF) was in the sprawling city recently to explore potential partnership for a large-scale affordable housing scheme with a specific focus on low income Lagos residents.

FHF is a special purpose investment vehicle which has the Nigerian Sovereign Investment Authorit (NSIA) and the Federal Ministry of Finance Incorporated as founding shareholders. It has an ambitious target of supporting the development of over 500,000 homes and creating 1.5m jobs for Nigerians on low income by 2023.

Click here to watch weekly episodes of our Housing Development Programme on AIT

So far, the fund has completed the construction of 400 homes with an average cost of N3.5 million in Grand Luvu, Nasarawa State  and this is part of over 4,000 homes under construction in five states of the federation namely Ogun, Nasarawa, Kano, Delta and Kaduna.

Femi Adewole, FHF’s managing director, disclosed in a brief interview in Lagos that the partnership which the fund was exploring would include a significant element of regeneration that would ensure that older parts of the city were brought back into use to provide much needed affordable homes.

With a large and growing population, estimated at 20 million, Lagos has a very challenging housing situation, especially at the low income level. It is estimated that 65 percent of its residents live in rented accommodation, spending over 50 percent of their income on house rents. This is as a result of lack of affordable homes in the city’s very expensive housing market.

The intervention by FHF is therefore considered critical and, according to Adewole, the proposals for the partnership involve a significant number of homes, assuring that there was space for participation by a number of developers who met theac criteria and demonstrated that they were committed to the delivery of homes that were affordable to Lagosians on very modest incomes since this was the area of interest for the Fund.

“We have a strong commitment. We have invested over N20 billion in housing projects to support Nigerians who are earning below N100, 000;  we are also providing financing for developers who will build homes ranging from N2.5 million to N5 million.  In addition, we are providing some assistance to the buyers of those houses and we are giving them a deferred loan for up to 40 percent cost of the houses’’, the managing director assured.

Besides providing quality homes, the fund will also be looking at creating jobs for Lagosians. Other aspects of the scheme include a commitment to the environment and climate change issues.

“This is important for future generations of Lagosians given that Lagos is a coastal  city. We think about the future of Lagos being a coastal city.  So far, discussions have been very fruitful and are now advanced. The partners are very committed. I’m hopeful that in the near-future, we will have a full announcement,” Adewole assured further.

Source: BusinessDay

Family Homes Funds seeks collaboration with developers on affordable housing scheme

As part of efforts at bridging the staggering housing demand-supply gap estimated at 3 million units in Lagos, Nigeria’s commercial capital, the Family Homes Funds (FHF) was in the sprawling city recently to explore potential partnership for a large-scale affordable housing scheme with a specific focus on low income Lagos residents.

FHF is a special purpose investment vehicle which has the Nigerian Sovereign Investment Authorit (NSIA) and the Federal Ministry of Finance Incorporated as founding shareholders. It has an ambitious target of supporting the development of over 500,000 homes and creating 1.5m jobs for Nigerians on low income by 2023.

So far, the fund has completed the construction of 400 homes with an average cost of N3.5 million in Grand Luvu, Nasarawa State  and this is part of over 4,000 homes under construction in five states of the federation namely Ogun, Nasarawa, Kano, Delta and Kaduna.

Femi Adewole, FHF’s managing director, disclosed in a brief interview in Lagos that the partnership which the fund was exploring would include a significant element of regeneration that would ensure that older parts of the city were brought back into use to provide much needed affordable homes.

With a large and growing population, estimated at 20 million, Lagos has a very challenging housing situation, especially at the low income level. It is estimated that 65 percent of its residents live in rented accommodation, spending over 50 percent of their income on house rents. This is as a result of lack of affordable homes in the city’s very expensive housing market.

The intervention by FHF is therefore considered critical and, according to Adewole, the proposals for the partnership involve a significant number of homes, assuring that there was space for participation by a number of developers who met theac criteria and demonstrated that they were committed to the delivery of homes that were affordable to Lagosians on very modest incomes since this was the area of interest for the Fund.

“We have a strong commitment. We have invested over N20 billion in housing projects to support Nigerians who are earning below N100, 000;  we are also providing financing for developers who will build homes ranging from N2.5 million to N5 million.  In addition, we are providing some assistance to the buyers of those houses and we are giving them a deferred loan for up to 40 percent cost of the houses’’, the managing director assured.

Besides providing quality homes, the fund will also be looking at creating jobs for Lagosians. Other aspects of the scheme include a commitment to the environment and climate change issues.

“This is important for future generations of Lagosians given that Lagos is a coastal  city. We think about the future of Lagos being a coastal city.  So far, discussions have been very fruitful and are now advanced. The partners are very committed. I’m hopeful that in the near-future, we will have a full announcement,” Adewole assured further.

Source: Business Day

Ghana to commence construction of 100,000 affordable housing project

Ghana is set to commence construction of 100,000 housing units project which is in line with Akufo-Addo’s plan to provide affordable housing for the low and middle-income earners in the country.

A Memorandum of Understanding (MoU) was reached between Sidre EPCM Yatirim Turism A.S, a Turkish company and HS Kodana Comapny Linited to signify the start of the project.

Click here to watch weekly episodes of our Housing Development Programme on AIT

Housing deficit

Speaking during the signing ceremony,Deputy Minister of Housing, Freda Prempeh, said Ghana needs at least 100,000 housing units each year to address its housing deficit, which is in the range of two million.

The housing sector is highly unregulated and, thus, owners operate within no established framework and set prices as they deem fit contributing to the widening housing deficit in the country.

Mr. Freda also noted that the Ministry of Works and Housing was in consultation with the Ministry of Finance to issue the two parties with the requisite guarantee of international consequence via a bank or any financial institution agreeable to all stakeholders relating to each year’s delivery of housing units in the country.

 

The 100,000 units are to be constructed across the 16 regions of Ghana over the next four years. The Turkish company is to kick-start the project this year with about 5,000 units.

Ghana’s housing sector is highly unregulated. Homeowners and landlords operate within no established framework and set prices as they deem fit contributing to the widening housing deficit in the country.

The costs are influenced by several factors including location, size, amenities and proximity to facilities such as malls and hospitals among others.

Source: Construction Review Online

Help-to-buy scheme pushes housebuilder profits to £2.3bn

Britain’s biggest housebuilders paid out £2.3bn in dividends in their most recent financial year, as the help-to-buy subsidy pumped up their profits and house prices.

The nine biggest housebuilders listed on the London Stock Exchange declared the dividend payouts in their last full financial years, according to an analysis by AJ Bell, an investment platform.

Help to buy, introduced in 2013 and recently extended until 2023 for first-time buyers, was one of the flagship policies of the coalition government. Former Conservative chancellor George Osborne hoped to boost home ownership among young people, as house price growth far outpaced wage growth

However, many economists believe the scheme boosted house prices without making a significant impact on the supply of new houses, enabling a profits bonanza for Britain’s biggest house builders and their shareholders.


In 2012, the final full year before the help-to-buy scheme was introduced, the top nine firms – many of which had been battered by the financial crash – paid dividends of only £57.7m, according to AJ Bell. Dividends declared in the companies’ most recent financial year were about 39 times greater.

Since 2013 the nine house builders have paid out nearly £8bn in dividends, while City analysts forecast another £5.2bn in payouts in 2019 and 2020. Furthermore, shareholders have also enjoyed appreciation in housebuilders’ share prices, which have been sustained by the promise of further profits.

Persimmon, half of whose sales were part of help to buy, was responsible for 2018’s largest giveaway. Its shareholders collectively earned £732m in dividends in the year ending in December, after the company earned more than £1bn in profits.

Taylor Wimpey declared dividends of slightly less than £500m during the same period. Barratt Developments declared £435m in the year ending in June 2018. Bellway, Berkeley Group and Bovis all declared dividends of more than £120m in their last full financial year.

The large profits of housebuilders have attracted heavy criticism, amid a continued housing crisis and rising homelessness. Persimmon’s former chief executive, Jeff Fairburn, resigned in November following public fury over his £75m bonus, which had been scaled back from £110m after investor outrage.

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Greg Beales, the director of campaigns at the homelessness charity Shelter, said: “As all the big housebuilders announce soaring profits whilst the housing crisis worsens it couldn’t be clearer our housing market is broken. Whilst the big developers are doing better than ever, regular families are finding it harder and harder to afford somewhere to live.

“Disjointed schemes such as help to buy have only made things worse by inflating house prices and giving big developers a leg-up, while doing almost nothing to for those most in need of a genuinely affordable home.”

Under the help-to-buy equity loan, the government provides a low-interest loan worth up to 20% of the value of the property (or 40% in London) for prospective buyers of new-build homes, up to a maximum price of £600,000. The buyer needs to provide at least a 5% deposit and secure a mortgage for the rest.

A spokesman for the Home Builders Federation, an industry lobby group, said: “Home builders do not receive funding from help to buy but by supporting first-time buyers, the scheme has helped drive an unprecedented 80% increase in housing supply in five years, creating tens of thousands of jobs and boosting the UK economy to the tune of £38bn last year.”

However, the help-to-buy scheme has faced criticism across the political spectrum, from the Adam Smith Institute, a libertarian think tank, to the Labour party – although Labour is committed to keeping the scheme open until 2027 for first-time buyers below a certain income level.

Labour’s shadow housing secretary, John Healey, said: “Conservative ministers have given private housebuilders a free hand to make bumper profits off the back of homebuyers.

“Labour will turn the broken housing market on its head – putting low-cost new homes at the heart of our plan to rebuild Britain.”

The Office for Budget Responsibility, which provides the government’s official forecasts, in October said it expects the government to spend another £20bn on the help-to-buy scheme between the current financial year and 2022-23. The two-year extension of the scheme is expected to cost £7.3bn.

A Ministry of Housing, Communities and Local Government spokesperson said: “This government is committed to helping more people get on the housing ladder as we power through to delivering 300,000 homes a year by the mid-2020s. Our help to buy equity loan scheme has helped more than 190,000 households buy their home, helping to make the dream of home ownership a reality for a new generation.”

Source: Guardian

Letting adverts that discriminate against tenants on housing benefit could be banned

Ministers in England are set to meet representatives of landlord associations, tenant groups, property websites and mortgage providers in a bid to clamp down on discrimination against people on housing benefit in the private rented sector.

Housing Minister Heather Wheeler said that adverts which specify that a home will not be rented to people on housing benefit could be banned and she called on landlords and letting agents to stop saying No to DSS claimants.

 

She pointed out that out of 4.5 million households living in private rental accommodation, 889,000 receive housing benefit to help pay their rent. Yet the latest figures show around half of landlords said they would not be willing to let to tenants on Housing Benefit.

‘I will be meeting key stakeholders to tackle the practice of No DSS, to underline the need for immediate change,’ Wheeler confirmed.

Justin Tomlinson, Minister for Family Support, Housing and Child Maintenance, said that everyone should have the same opportunity when looking for a home, regardless of whether they are in receipt of benefits.

‘With Universal Credit, payments can be paid directly to the landlord, and we continue to listen to feedback and work with landlords to improve the system.

Landlords can already receive rent from tenants on Housing Benefit and Universal Credit, meaning payments can be paid directly into their accounts,’ he pointed out.

Wheeler also announced that some £19.5 million is to be provided to local authorities in England to provide homes for people at risk of losing their or who are already homeless, it has been announced

Wheeler said that it will help people to get into the rented sector and the funding will go to 54 projects around the country.

Councils will use the funding boost to help vulnerable people secure their own tenancy through support such as, paying deposits or putting down the first months’ rent and Wheeler said that th

African cities become the new home to over 40,000 people every day, many of whom find themselves without a roof over their heads. With that in mind, IFC has committed to do more to develop the property sector, both to provide new and affordable housing and to encourage an industry that requires significant building materials and has the potential to be a major employer. In May, IFC and Chinese multinational construction and engineering company, CITIC Construction launched a $300 million investment platform, CITICC (Africa) Holding Limited, to develop affordable housing in multiple African countries. The platform will partner with local housing developers and provide long-term capital to develop 30,000 homes over next five years. IFC estimates that each housing unit will create five full-time jobs – resulting in nearly 150,000 new jobs on the continent. Kenya and Nigeria are high on the priority list for the new effort. Kenya’s housing shortage is estimated at 2 million units, while Nigeria is in want of 17 million units. The soaring demand is being met by scant new supply. Africa’s housing market has few local developers with the technical and financial strength to construct large-scale projects. The IFC-CITIC Construction platform will work with local housing companies to develop affordable housing projects across Sub-Saharan Africa, each ranging in size from 2,000 to 8,000 units. CITIC Construction has a proven track record in constructing and delivering large scale housing projects. The platform will start by developing homes in Kenya, Rwanda and Nigeria, expanding to other countries as operations ramp up. “In Angola, through planning, financing, construction and post-construction operation, CITIC Construction has successfully completed the 200,000 units housing program, new city of Kilamba Kiaxi, with relative infrastructure and utilities in four years. CITIC Construction has also founded the CITIC BN Vocational School in Angola which helps youth acquire the skills they need to become professionals”, said Hong Bo, Assistant President of CITIC Group and Chairwoman of CITIC Construction, “CITIC Construction will take advantage of our engineering experience and delivery capability to develop more affordable houses for Africa through the platform with IFC.” “As Sub-Saharan Africa become more urbanized, the private sector can help governments meet the critical need for housing”, said Oumar Seydi, IFC Director for Eastern and Southern Africa. “The platform will help transform Africa’s housing markets by providing high quality, affordable homes, creating jobs, and demonstrating the viability of the sector to local developers. IFC will work with financial institutions to support mortgages and housing finance that will allow people to purchase the units.” The new housing units will be constructed in accordance to IFC’s green building standards, delivering homes that are environmentally friendly and sustainable. The World Bank Group estimates that by 2030, three billion people, or 40 percent of the world’s population will need new housing units. To date, IFC has invested more than $3 billion in housing finance in over 46 countries world-wide. IFC focuses on regions where large portions of the population live in sub-standard housing and have limited access to credit to build, expand, or renovate their homes.is should give them an opportunity to make a home in a property they may otherwise not have been able to access.

‘I want everyone to have the security, dignity and opportunities they need to build a better life and at the heart of which is ensuring everyone can find a safe and secure home to call their own,’ said Wheeler.

‘This funding will make a huge difference in opening up the private rented sector to people who need it and give them the chance to rebuild their lives.

This helps strengthen the choices and opportunities available for those on benefits to secure the homes they and their families need,’ she added.

In a third move, local authorities can now also bid for a share of up to £26 million of Rapid Rehousing Pathway funding for 2019 to 2020.

This extra investment can be used to fund innovative local schemes which help those sleeping rough and struggling with mental health problems or substance misuse issues.

The Private Rented Sector Access Fund will also support minimum tenancies or existing tenancies for a period of 12 months.

Source: Propertywire

Cities Alliance Calls for Proposals

Cities Alliance, a global partnership supporting cities to deliver sustainable development, hosted by the United Nations Office for Projects Services (UNOPS) is offering grants up to USD $50,000 to people working on innovative and accessible solutions for improving tenure security, land and property rights in African countries.

A statement from the organisation explained that rapidly growing cities like Nigeria struggle to support people living in overcrowded slum settlements.

“Many of these residents live in unsanitary conditions and with the constant threat of corruption and forced eviction—all because they lack legal or formal protection to the places they live and work.

“There is a growing number of people trying to solve this problem, and Cities Alliance wants to make sure they have the funding they need to grow and scale their promising solutions,” it added.

According to the statement, those eligible to apply include innovators, microenterprises, social entrepreneurs, community-based organisations, and national and local NGOs working in African cities.

The deadline for the submission of proposal is March 14, 2019.

It stated that over the last 19 years, Cities Alliance has awarded more than 400 grants totalling over $110 million in more than 80 countries, addressing a range of issues including urban poverty, local governance, and climate change.

Source: ThisdayLive

weah_in_studio

Liberia President Launches Low Income Housing in Rural Areas

Liberia President, has launched a housing program for rural dwellers known as the Sasstown development project targeted toward a better living environment.

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The former World best footballer took to his official social media page to make the announcement on Sunday, March 3.

President Weah revealed he was excited with the project expected to improve living condition of Liberians, who will be encouraged to go into agriculture after the residential buildings are ready.

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“I’m excited to announce that my vision to transform the standard of living of our rural dwellers, precisely by upgrading their homes from mud brick homes to concrete homes; has started with the Sasstown development project,” President Weah’s statement read in part.

A further breakdown of the Sasstown development project revealed that existing residential cities will be converted to agricultural zones once the new buildings are completed.

In an effort to avoid demolition of their existing homes; which will prevent them from being homeless during the construction period.

“We have devised a strategy wherein we will build the new homes at a different location; and once the construction is done, they can then move into the newly constructed homes while we demolish the old ones and encourage them to do agriculture at the site of their old homes,” he said.

The President assured Liberians that his government would use every available cent on developing the country..

Source: Legit.ng

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