BHC reviews rentals to encourage purchase

BHC Houses
BHC Houses

Low housing rentals by Botswana Housing Corporation (BHC), which has been stagnant for the past 13 years, has killed home ownership appetite amongst their tenants. According to the corporation’s CEO Reginald Motswaiso that inability to adjust rentals has killed the Tenant Purchase Scheme (TPS).

“Unfortunately, that is the reality as people saw no reason to buy the houses while they are renting them at a lower price,” he told The Monitor. BHC has not increased rentals since 2004, a state which has had negative impact on its operations. To remedy the situation, government has joined forces with BHC to review the current rental prices.

Motswaiso is optimistic that the appetite to buy the corporation’s properties by the tenants might come back once the rent is increased.

Editor's Comment
Inspect the voters' roll!

The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...

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