1,200 affordable homes to replace slums due to an award-winning finance facility
Friday, April 12, 2013 at 07:51AM Homeless International promotes sustainability and dignity using financial wizardry...
Homeless International's award winning Community-Led Infrastructure Finance Facility (CLIFF) programme has reached agreement to build nearly 1,200 new affordable homes for slum dwellers in Dar es Salaam over a two year period, with the properties being delivered in 10 projects on an affordable loan basis.
The CLIFF programme team, which recently won silver at the prestigious Emerging Partnerships awards sponsored by IFC (a member of the World Bank) and the Infrastructure Journal, will work closely with partners WAT-HST to build housing delivery systems that generate surpluses to ensure the on-going sustainability of both the organisation and their programme. Work will begin this year with land purchases leading to final completion in September 2014.
"The CLIFF programme provides capital finance and capacity building support for organisations working in some of the most deprived slums in Africa and Asia to develop the capabilities required provide housing and basic services for the urban poor " said Larry English, Homeless International's CEO. "We are looking forward to our partnership WAT-HST and to seeing the organisation develop models that serve not only the needs of this generation of Tanzanians, but of generations to come."
Homeless International is a UK based charity working in many countries across Africa and Asia to address the escalating problems faced by poor people living in urban areas to access land, housing, clean water and sanitation.