State eyes investors in low-cost housing fund

Houses under construction by a private developer. The Government plans to plug a severe shortage of shelter in five years.

The Government is hunting for foreign investors to put money into a fund being set up to finance construction of 500,000 housing units.

The units, part of the State’s plan to provide affordable housing, are meant for low income earners in an effort to beat a 250,000 housing deficit in major urban areas.