Residents are required to pay 40% of the cost upfront up on taking the housing units in the capital Addis AbababorkenaMarch 4,2019Come Wednesday March 6, 2019, Ethiopian government will be transferring 51,229 housing units, built through a program of condominium development in the city, to residents of the city who registered for it. The housing units are of two different sizes. According to a report by Addis Ababa City Administration, 32,653 houses are 20×80 and 18,576 are 40X60. The report also said that 5 percent of the 20×80 housing units are for people abled differently, 20 percent will be for civil servants and 30 percent for women. In terms of financial requirement to be in the draw, residents who have registered for it need to have savings of 40 percent of the cost estimated during the time of registration.

Source: Ethiopian News March 05, 2019 03:56 UTC