State housing project an excellent deal for low-income earners

Like other real estate developments projects, the Government’s Affordable Housing Programme (AHP) has its inherent risks. One of them is establishing the end buyers of the houses being developed. No doubt, investing capital without a clear sight of recovery presents the market risk that a real estate developer seeks compensation for.

The programme needed to craft a solution that would identify home-buyers while giving confidence to developers of their existence and willingness to buy homes. Addressing market risk was important so to attract private sector funding to such a mammoth project.