ETHIOPIA- New housing program In Addis Ababa

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New housing  program In Addis Ababa

What does it take to solve Addis’s crazy housing problem? This is a tough question awaiting government’s immediate response. For now, Addis Ababa has got a new plan to resolve the problem.

In a bid to ease the housing problem of Addis Ababa City, the City Admin has planned the construction of cooperative houses through cooperative unions, which is slated for the upcoming Ethiopian New Year, said Diriba Kuma, Mayor of Addis Ababa.

Addis Ababa’s city population is blooming at an annual rate of 3.5 percent rate.

“To enable people to be owners of their own house, the government is setting out a plan to construct the new houses for 20 thousand civil servants,” Diriba said, adding that, “Constriction of the new houses is necessitated as far as condos alone cannot solve the housing conundrum.”

Lack of finance and capacity to manage construction projects are reasons attributed to the lagged behind the construction of condos.
High-end apartments and glass-fronted buildings stand where informal shacks once stood. A new metro line cuts through the heart of the city while the number of people living within its boundaries has reached 3.2 million, according to the CIA World Factbook.

But with rapid progress comes a host of new challenges.

Among the most pressing is where to fit all the new residents keen to take part in the city's economic success. According to the 2015 Knight Frank wealth report, Addis Ababa is currently growing at 3.8% per year.

A 2011 report from the U.N. stated Addis Ababa needed 300,000 new homes with only 30% of existing properties in "fair condition."

The government says it is making progress on this issue and points to urban renewal sprouting across the city.

There is a substantial imbalance between the demand for and supply of housing units in Addis Ababa. Accumulated demand for residential housing on the one hand and the low supply of residential land on the other have pushed prices beyond the reach of the majority of the residents in the country including Addis Ababa.

Overcoming the housing problem, hence, requires efforts in three main areas: housing demand; housing supply; and institutional framework. Improving the conditions in these areas, in turn, requires the combined efforts of the government of Ethiopia, regional administrations and donor agencies taking the view that overall development of the economy is crucial for the housing development in Ethiopia, according to Abraham Tesfaye’s (2007) survey.

Category
Ethiopian News

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