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WAP starts construction of affordable houses in Gahanga, Rubirzi

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The Workers Affordable Property (WAP) ltd, housing property developers have began the construction of cheaper and affordable housing for low and middle income earners in Gahanga and Rubirizi.

The legally registered property has began with the first phase in Gahanga the first with 294 units while in Rubirizi over 1000 units will also soon start with over 1000 unites to be built.

WAP Chief Executive Officer Eng Kunu Harmony, while speaking to the media said that the purpose of the project is to unveil the opportunities for Rwandans and foreigners to own affordable housewares has invested over $US 22 million. In the next 5 years, the property developer intends to invest over $US 400 million.

“There are factors responsible for Rwanda’s awesome performance and exploit.The goal is to achieve affordable housing for all categories of income earners.’’

‘‘Our desire is to invest in lives by creating housing opportunities and Eco-friendly environment. Accessing our in-depth human resources and strategy of project execution for the benefit of all categories of income segments of the society’’ He said.

The houses range from 16 million Rwf to 49 Million in both Gahanga and Rubirizi depending on the unit size  and will be Eco-friendly. Access to Affordable housing has never been more real than it is now.

Eng Kunu mentioned that, there is a good housing policy which defines expectations of affordable housing with government roles and what the developer’s roles are, adding that the authorities also set maximum cost and what the size of housing should be.

For one to qualify for the housing units such a person must first obtain WAP application form, complete the required information either as an individual or joint application for married couples.

They can then select the type of house unit and method of payment (either Bank construction loan for self-funding) that fit their purpose and capacity respectively.

”There is also a mandatory requirement for government to provide certain facilities once the project is approved to have met affordable housing programme in Rwanda, that included all external and major internal roads for the estate, water supply pipeline,electricity lines with transformers and fiber optics among others’’ he noted.

Once WAP Application is received, the housing property developer sends a representative  who will check on the candidates first choice of house and location and see if the company still has such housing unit available, if available one unit is allocated with a registration number and a construct is drafted based on the choice of method of payment selected.

Currently, the offer takers can access Bank construction loans from BPR,BK, I&M Banks, however for non BPR applicants, they will be required to transfer the money to the Project account with BPR to get a commitment letter from BPR addressed to WAP to retain and own the house. Commitment letter from other Banks are not currently accepted until those Banks setup an agreement with WAP ltd or with BPR.

The advantage of buying a house from WAP is that, the house can be rented from you and you are paid an advance of 12 months. 

The units range from 3 bedroom semi detached, 142.5 Sqm for 3 beds, 3 bedroom townhouse villa, 2 bedroom apartments, 95 Sqm for 2 beds and 3 bedroom apartments and 1 bedroom penthouse and 56 Sqm  for  1 bed.

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