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Message: [QUOTE="Munyaradzi Mafaro, post: 81053, member: 636"] The government is finally trying to fix the housing crisis with a massive cash injection. Finance Minister Mthuli Ncube is recapitalizing the Housing Guarantee Fund and the National Housing Fund to get mortgages flowing and build affordable homes. The goal is to tackle a backlog of two million units, driven by urban overcrowding and lousy access to loans. This plan specifically targets low and middle-income families stuck in informal settlements, promising them proper amenities like water and electricity. The strategy has two main money moves. The Guarantee Fund will backstop bank mortgages for people who usually can't get loans, reducing risk for lenders. The National Housing Fund will directly pay for building new houses, aiming for cheaper construction through big projects. Beyond cash, the plan involves legal overhauls. They're rewriting ancient rules like the 1977 Model Building By-Laws and the 1932 Building Codes to allow modern, climate-resilient designs. Laws covering rent regulations and the human settlements policy are also getting updated. To make this actually happen, they're streamlining construction approvals and pushing public-private partnerships. The idea is to service more land faster, since local authorities have been broke and ineffective. The whole push is framed as a shift from slow, piecemeal housing projects to a finance-heavy model under the country's national development strategy. It ties home building to constitutional rights for basic services, aiming for large-scale delivery of decent housing. [/QUOTE]

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