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Download 13th Round 2 Bedroom Winners List PDF, 11th Round Condo Winners Copyright © 2019, Addis Standard Magazine ® All Rights Reserved. “Residents with very low income will benefit from this scheme by saving only 187 Birr [a month] for three years” said Amare. This scheme targets the middle income section of the society.

What we know so far, Killing of civilians in West Wollega, Guliso wereda & gov’t reactions, Clarification: Gadamaytu, Undufo and Adaytu are inside Afar, the regional state says in a letter, News: Amidst heightened tension between Federal, Tigray region governments Eritrea blames TPLF for impeding regional peace, stability, Analysis: “Crisis staring” Tigray, Federal governments “in the eye” as army is caught in the mix, relations plummet to new low, News: At least 27 killed in clashes in the border between Afar, Somali regions, News: As COVID-19 slows manufacturing demand a US$6.5 m fund launched to help protect textile industry jobs in Ethiopia, Opinion: ‘Did Menelik II really say he is Caucasian?’. E-mail: [email protected] / [email protected] Addis Ababa City Administration to register new Condominium house Seekers. The remaining balance will be paid in installments. Address: Leul Taz Building 3rd Floor Off No. In the past 25 years the Addis Ababa city administration delivered 130,000 houses for beneficiaries but now close to a million people are on the waiting list for condo houses and have placed more than 10 billion birr into the Commercial Bank of Ethiopia for the program. 70 per cent of the houses in Addis Ababa are made of mud.

It is registered with the Ministry of Trade and Industry of the Federal Democratic Republic of Ethiopia under license number 1552/2003.

The Addis Ababa Housing Development Project Office (AAHDPO), which has faced flack over the pace of housing construction is set to transfer 26,000 20/80 condos during a condo lottery draw that will take place in the Municipality Hall. The Commercial Bank of Ethiopia branch offices throughout the city are hosting long queues of city dwellers to register for the low cost housing  schemes announced by the city government by opening closed accounts for their savings as part of the price for the houses of their choices. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Ethiopia On Bringing The Private Sector In, CEO’s Interview with National Construction Magazine, An Emerging Manufacturing Hub and a Model for Africa, Two Multinational Telecom Providers to Enter Ethiopian Market, Investors From Hong Kong To Takeover Bahir Dar Industrial Park, Corporation Creates Over 50,000 Jobs In 11 Months, Africa Hotel Investment Forum 2019 to be Held in Ethiopia, Ethiopia's New Fertilizer Plant to Help Fulfill Local Demands. The Ministry introduced the 10/90, 20/80 and 40/60 housing schemes, where in the first case residents will deposit only the 10 per cent of the total cost and get loans from the Commercial Bank for the 90 per cent, targeting very low income section of the society. 13th Round 20/80 2 Bedroom Condo Winners The Addis Ababa city administration has announced 51,229 residents to whom condo units will be transferred on a lottery draw.

However, due to poor capacity of contractors and consultants, and inadequate government supervision, most of the projects are behind schedule. This scheme targets the middle income section of the society. Currently, 40/60 condos are being constructed by the Addis Ababa Savings & Houses Development Enterprise (AASHDE) and the Addis Ababa Housing Project Office (AAHPO) is in charge of constructing 20/80 houses. Caption: A condominium site in Lideta, Addis Ababa. The ministry also said that preparations for the registrations of another scheme called 20/80 and 10/90 were concluded and will start next week.

Houses Development; Roads Development; City Government. The new corporation would be responsible for hiring managers of every site, and planning the construction of new homes. “40/60 scheme and forming individual housing construction associations are an option for Ethiopians abroad who want to own houses in their home country and this will be handled by the Ethiopian Embassies abroad” said Mesfin. There have been no projects slated for this year due to budget constraints.

Depending on the schemes the bank will lend from 60 to 90 per cent of the money for the houses while the rest is to be deposited by the residents as a down payment. March 6, 2019, Addis Ababa Housing Agency is holding a draw to transfer 51,229 housing units that were built through a program of developing condominium houses in the city. 302 | Opposite CMC Compound | Addis Ababa, Ethiopia. One, two and three bedroom houses are available. Registrations for 20/80 and 10/90 schemes will take place from June 10 to June 28, 2013 followed by the 40/60 and individual housing construction associations. The new corporation would be responsible for hiring managers of every site, and planning the construction of new homes. Vision, Mission and Values; City Government Administrative Structure; Charter; Cabinet Members; Sub Cities. In the 20/80 scheme for Condominium houses 85,000 housing units are under construction by the city administration, according to Mesfin Mengestu, General Manager of Housing Administration Agency at Addis Ababa City Administration.

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