Twenty six thousand condos to be transferred this September

New Condominiums will come to Koye Fitche, Yeka Abadu, Bole Bulbula and Hana Furi areas this September.
The Addis Ababa Housing Development Project Office (AAHDPO), which has faced flack over the pace of housing construction is set to transfer 26,000 20/80 condos during a condo lottery draw that will take place in the Municipality Hall.
One, two and three bedroom houses are available. The one and two bedroom homes will be given to people who registered in the 2005 registration scheme.  Neseru Temam public relations officer for AAHDPO told Capital that they are awaiting a decision from the mayor’s office to choose the target beneficiaries for the three bedroom homes.
“All of the people who requested three bedroom homes during the 2005 registration received them, so we are in the process of deciding what to do with the remaining three bedroom homes.’’
He added that another 66,000 houses will be transferred in the next two years.
“We have an additional 78,000 people who registered in 2005 and if we continue at our current pace will will get the houses to them by 2012.”
The draw will give priority to women to help them with the acute economic problems they are facing and to improve their role and capacity in society.
People who won in the condominium housing lottery are expected to pay 20% of the total amount in advance. The rest will be paid in installments over many years.
Currently an estimated 1.6 million people in Addis Ababa live in rental homes while 3 million people share rooms with other people, and 375,000 residents live in government owned houses. Seventy percent of the houses in Addis Ababa are made of mud.
Currently, there are 38,790 40/60 and 130, 000 condominium units that 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 housing units of 40/60 and 175,000 units of 20/80 have been transferred to the Addis Ababa people in the last 13 years.