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BHC rolls out campaign to turn tenants into homeowners

Busang. PIC PHATSIMO KAPENG
 
Busang. PIC PHATSIMO KAPENG

This follows the corporation's move to increase citizen homeownership and unlock capital for future housing developments.

Dubbed the Roots & Roofs Campaign, the initiative combines the sale of occupied and vacant BHC houses with a self-funded residential plot development model aimed at accelerating housing delivery while promoting wealth creation through property ownership.

Acting Chief Executive Officer, Selinah Busang described the initiative as a transformational programme that goes beyond selling houses to empowering families and building sustainable communities.

'Our priority is to give families already living in our houses the first opportunity to own them. This is more than a transaction; it is a commitment to creating opportunities, strengthening communities and building generational wealth,' Busang said.

She said home ownership remains one of the most effective ways of creating stability for families and enabling citizens to accumulate assets that can be passed on to future generations.

'We are opening doors to independence and ensuring that families have assets they can pass on to their children and grandchildren,' she said, adding that the campaign aligns with BHC's strategic objective of promoting citizen empowerment and sustainable urban development.

Busang called on government, financial institutions and other stakeholders to support the initiative, saying collaboration would be critical to ensuring that more Batswana realise the dream of owning a home.

Providing an overview of the programme, BHC Regional Director (North), Goitseone Sebego, said the campaign has been designed primarily to convert long-term tenants into homeowners while generating revenue to finance the construction of additional housing units.

'The major objective is to transform tenants into homeowners. Every Motswana deserves to own a home they can proudly call their own,' Sebego said.

She explained that implementation will be carried out in three phases. The first phase will involve the disposal of vacant housing units through a public tender process. The second phase targets approximately 1,010 occupied houses, giving existing tenants first preference to purchase the properties they occupy. The third phase will focus on high-density residential units.

According to Sebego, proceeds realised from the sales will be reinvested into future housing projects, enabling the corporation to construct more houses under government housing programmes and expand access to affordable accommodation.

As part of the campaign, BHC is offering incentives to prospective buyers, including discounts of five percent on low-cost houses, 7.5% on medium-cost units and 10 percent on high-cost houses. Buyers will also be exempted from administration and valuation fees during the campaign period.

She said the corporation has developed a transparent application process, with successful applicants expected to secure mortgage finance or demonstrate proof of sufficient funds before ownership can be transferred.

The campaign also introduces a self-funded residential development model at Kgale, where qualifying citizens will be able to purchase serviced plots and construct homes of their choice within approved development guidelines.

Under the arrangement, BHC will provide serviced plots, planning approvals and development oversight, while homeowners will finance and undertake construction in accordance with estate guidelines designed to preserve the quality and character of the development.

Prospective buyers will be required to demonstrate their financial capacity to develop the allocated plots, with banks and other financial institutions expected to provide mortgage products tailored to the programme.