BHC to repossess houses

BHC Houses in Rakhuna
BHC Houses in Rakhuna

Botswana Housing Corporation (BHC) intends to repossess houses that were bought under the Tenant Purchase Scheme (TPS) because buyers have failed to honour the agreement, Parliament heard on Tuesday.

The Minister of Lands and Housing, Prince Maele, was answering a question from the MP for Francistown South, Wynter Mmolotsi who wanted to know if the BHC scheme would be resuscitated. “First, BHC could not sustain borrowing money which it paid on short term to build houses while recovering payments through TPS on long term basis,” Maele said. “Second there was a high level of arrears as most beneficiaries of the instalment schemes failed to honour the agreed payment terms.”

Maele said after careful consideration, the BHC was preparing to sell some of its houses under the revised TPS.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

Have a Story? Send Us a tip
arrow up