ZSSF YETU IMELALA!!!

NSSF selling 300 affordable houses in Dar es Salaam

BY THE GUARDIAN REPORTER

3rd January 2014

National Social Security Fund (NSSF)

The National Social Security Fund (NSSF) has announced that it will sell 300 affordable houses in Dar es Salaam Region to its members and non-members.

According to the Fund’s officials in real estate department, the houses are available for sale on either cash or mortgage basis to Tanzanians who are Fund members.

Members who intend to purchase any house available using outright purchase or mortgage arrangements are required to buy an application form from any of the Fund’s offices and return it with full information for prequalification, sources in the fund have said.

However, the cost for each house situated at Mtoni Kijichi area was not revealed but duration of the mortgage issued by the Fund is up to 15 years.
According to adverts circulated by the Fund to various media houses this week, members who are eligible to own the houses on sale are Tanzanians, active registered NSSF members and should have made contribution of at least six months and they are in their contribution remittances.

Earlier last year, the Fund announced to increase economic projects which in turn will boost employment opportunities in the country and provide more benefits to its members.

The Fund’s planning and investments director Yacoub Kidula was quoted as saying the projects are on agriculture, construction of cheap residential houses, offices, hotels as well as improving education infrastructure.

“The Board of Directors has already approved the programme to invest in sisal farming and this investment, among others, will help increase employment opportunities,” he said.

Among the projects implemented by NSSF include construction of University of Dodoma, residential houses in Bugarika area, Mwanza Region and Mtoni Kijichi in Dar es Salaam. NSSF is also putting up a state-of-the-art and five star tourist hotel in Mwanza City.

Others are construction of the Kigamboni Bridge, which is to fly-over the Indian Ocean section. The project is due to start very soon and will cost a total of 214.6bn/-.

NSSF was expected to collect 500bn/- by June last year from its members and the value of the fund by year 2011 was 1.2trn/-. Fund’s income from investments was expected to grow to 120bn/- by June, last year. 

SOURCE: THE GUARDIAN