NASSCORP Recommits to NHA Affordable Housing

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The National Social Security & Welfare Corporation (NASSCORP) has recommitted its financial support to the mandate of the National Housing Authority (NHA) to build affordable houses for middle income Liberians.

Speaking yesterday when the NHA launched a sales promotion for the just completed 70 units at NASSCORP Village in Gorbah Town near Brewerville, Mr. George Bright, NASSCORP’s Chief Financial Officer, re-echoed the corporation’s commitment to support the NHA.

“The Liberian government is interested in ensuring that housing units built by the NHA are affordable to enable Liberians to own homes by paying for them through a long term loan program,” he said.

He stated that the NHA has a mortgage program with the Liberia Bank for Development and Investment (LBDI), which guarantees that prospective landowners enjoy their investments in homes.

Ms. Elizabeth Dweh Howe, Sales and Marketing Manager at the National Housing Authority (NHA), thanked NASSCORP for its support to ensure that middle-income Liberians are able to afford homes of their own.

After the launch, NHA and NASSCORP workers distributed posters from Sinkor to central Monrovia with information on the available units. Earlier, a raffle draw was held and three employees of NASSCORP won. Mr. Andrew Harris, who won the first prize of a 15 inch flat screen TV and John A. Darkolon, who won the second prize of assorted drinks, commended NASSCORP for its support to the NHA program.

“I am happy that NASSCORP could help the NHA to provide affordable homes to Liberians. This shows that Liberians can care for each other,” Mr. Darkolon, a NASSCORP inspection officer, said.

First place winner Harris said he was happy with his win because “it sends the message that all of us can work together, appreciate each other and with the NASSCORP support, be able to provide homes that are affordable in our own country.”

According to the NHA, the 70 units are single family stand-alone homes with three-bedrooms, front and back porches. They are priced at US$20, 000. With a 20 percent down payment of US$4, 000 the balance is payable by a mortgage financed through LBDI at an interest rate of 8 percent over 10 years.

The first phase of the project constructed 58 units, the second phase 35 units, and the 70 units being advertised are in the third phase making a total of 163 units completed at NASSCORP Village. The NHA has additional units in Ben Town, Margibi County, off Marshall Road.

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