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Page added on August 5, 2010
Sierra Leone’s most successful institution in investment and pension service, the National Social Security and Insurance Trust (NASSIT) has made great strides to put a stop to the housing crises in Sierra Leone. Through its investment portfolio and national housing project geared towards providing affordable housing units in the country, NASSIT has completed dozens of houses in the four regions of the country, namely, Makeni, Bo, Kenema and Waterloo in the Western Area.
In a conducted tour of its facilities, last weekend, NASSIT officials took journalists to their investment sites in all four regions where some of the pilot housing units already completed were officially handed over to NASSIT officials by the contractors.
At present, ten houses have been completed and ready for purchase in Waterloo, six in Kenema, six in Bo and six in Makeni, respectively.
The Project Consultant, Mr. Siray Timbo, told newsmen that this is an affordable housing pilot being done by NASSIT.
He said NASSIT acquired the land from the Government of Sierra Leone for the project that has as its key objective the solution to the housing situation in the country.
The sites have houses with two-bedroom apartments and others with three bedrooms. He said the whole idea is to trigger investment, adding that the houses are well located with electricity and adequate water supplies.
He disclosed that one hundred and three hectares of land was acquired in Waterloo, fifty in Bo, Kenema and Makeni.
According to the consultant, NASSIT has completed the pilot face of the project, adding that after the houses would have been purchased by interested Sierra Leoneans, then the second face will start immediately. He added that presently NASSIT is already doing a master plan wherein they will partner with a developer to develop the rest of the property in all four regions.
The project consultant went on to say that the already completed houses would be put on sale to Sierra Leoneans through a mortgage system to be done by the Home Finance Company (HFC) in Sierra Leone.
According to the Deputy Director-General of NASSIT in-charge of Administration, Mr. Joseph S. Mans (Jr.), this is one of the country’s most successful projects. He said it is very rare in the history of Sierra Leone to see successful projects in which projects are completed before its time bound as in the case of this project.
He thanked the project consultant, the architects and contractors of all the sites and the entire management of NASSIT for making the project a success.
He said NASSIT has a mandate in the Act to engage in socially targeted investments, adding that NASSIT responding to the President’s attitudinal change drive to develop this country. He explained further that they intend to sell these houses through a mortgage system to which members of the public will forward an application to own one or more of the buildings.
Mr. Mans said they want to develop the project based on demand, adding, “The more the demand for the houses in pilot one, the more houses built in pilot two”. The Deputy DG stressed that despite laudable efforts, there are ugly things to write home about in the history of NASSIT, such as the Ferry saga.
NASSIT can also proudly boast of other developmental programmes such as their recent adjustment in their pension and salaries from 20% to 30%, the houses, plazas, amongst others, in other development, NASSIT is presently constructing ultra modern shopping malls and transport terminals in Bo, Kenema and Makeni.
These terminals and shopping malls will also have hotels, mini marts, children’s recreation centers, stores, and other essential facilities in them.
He used this forum to call on interested Sierra Leoneans to purchase these houses now so as to give room for the construction of more houses.
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