- The social housing scheme in Tamale will deliver 100 affordable houses to low-income earners
- In 2013, the joint project between the Tamale Community Cooperative Credit Union and Water and Sanitation for Africa was abrogated
- The union has recently successfully concluded talks with financiers of the project
With the restart of the Tamale social housing scheme, 100 affordable houses are expected to be made available to low-income dwellers of the Lahagu suburb in the Tamale metropolis.
Mr. Alhassan John Issah, the chairman of the Tamale Community Cooperative Credit Union (TCCCU), revealed this at the 9 Annual General Meeting of the Union held in Tamale on Tuesday.
The project, a joint initiative of the Tamale Community Cooperative Credit Union and an NGO – Water and Sanitation for Africa, which began in 2013, was abrogated due to funding difficulties.
Mr Issah, Chairman of the Credit Union, said his outfit had successfully concluded talks with the project’s financiers and that all was set for the construction works to resume by June.
The suspension of the project had brought apprehension amongst contributors who had expressed worry over it.
He asked all to remain calm whilst assuring them that the union will do everything possible to ensure the successful completion of the housing units.
He announced at the meeting that the Credit Union made a net surplus of GHȼ76,568.68, last year, compared with the previous year’s figure of GHȼ63,011.68.
Mr Issah expressed joy at assets and interest payment made to contributors that had grown during the period.
However, the chairman complained about the high rate of loan defaulters and advised offenders to re-pay the monies owed to avoid legal action.
The housing scheme is expected to alleviate the pressure on the demand for accommodation in the Metropolis as its population continues to grow with the influx of the working class.