Over 16,000 government employees added to condo schemes

40/60 Condo construction

With the approval of the city mayor, the Addis Ababa Housing and Development Agency has registered over 16,000 government workers who did not bring enough documents in the previous registration, which was carried out in 2012. At least two consecutive years of work experience in government institutions were the criteria to get into the condo lottery draw which meant they had a 20 percent chance of getting a condo.
However, the 1,400 federal institution workers who were saving for a long time for the condos in a special program were not included in the scheme but they appealed to the city to enter into the schemes and ultimately won the heart of the mayor.
According to the information that Capital obtained from the agency, the registered workers were added in 10/90, 20/80 and 40/ 60 condo schemes.
Those government workers who attempted to register in 2012 and are currently working in the Addis Ababa government offices will be incorporated in the housing schemes.
The Commercial Bank of Ethiopia who is in charge of the process is giving out saving books to encourage new applicants to save their money in the bank.
A source who requested anonymity told Capital that the new registration process will be similar to the old one.
“There is always a criteria when we draw a condo lottery, we require a certain amount of years of continued saving and if they fulfil this requirement we will incorporate them into the next condo lottery.”
Currently, 38,790 40/60 condos and 130,000 20/80 condominium units are under construction on different sites. However, due to poor capacity of contractors and consultants, and inadequate government supervision, most of the projects are behind schedule. Only 1,292 houses have recently been transferred despite the fact that 164,000 people are registered for this scheme.
In the past 25 years the Addis Ababa city administration delivered 130,000 houses for beneficiaries but now close to a million people are on the waiting list for condo houses and have placed more than 10 billion birr into the Commercial Bank of Ethiopia for the program.
The new draft is being prepared by the Ministry of Urban Development and Housing, which would combine the construction and administration of 20/80 and 40/60 condos under the roof of a single corporation.
The 40/60 condos are being constructed by the Addis Ababa Savings & Houses Development Enterprise (AASHDE) and the Addis Ababa Housing Project Office (AAHPO) is in charge of constructing 20/80 houses.