The government of Ethiopia started the construction of the first ever 18 story tall 11 condominium houses’ buildings. Each floor will host 11 households which makes the total number of houses under this project 2178. The new project aims at solving building space problems in the capital Addis Ababa.
In a bid to solve housing problems in cities and towns across the country, the government has been constructing houses under various saving schemes: 10/90, 20/80 and 40/60 schemes.
So far, the government claims availing more than 238,225 houses to beneficiaries in the Capital Addis Ababa only.
Before ten years, the first 750 condominium houses in the history of the country were built in Gerji No.1 Site (North eastern part of Addis Ababa). At that juncture, the number of people registered to be the owners of condominium houses was 453,000 given that the largest part did not appreciate the benefit they secure out of the lineup. At this moment in time, the number of people registered for condominium houses has shot to 990,000. Consequently, the amount of capital saved by the registrants is in excess of ETB12 billion. This directly and indirectly makes obvious the housing program from time to time turning out to be the navel of development.
According to www.unhabitat.org, despite having one of the lowest proportions of urban population in the world at only 16.7%, Ethiopia is urbanizing at a high annual growth rate of 3.49%. The combination of high population and urban growth rates coupled with a high prevalence of urban poverty have placed enormous strain on Ethiopian cites. Some 80 per cent of the population lives in sub-standard slum housing that needs complete replacement or significant upgrading. Ethiopian cities suffer from a high degree of homelessness, environmental degradation, and urban decay, a shortage of infrastructure and basic services, and high unemployment.
However, the recently started housing programs to construct affordable, good quality and standardized urban housing, particularly in Addis Ababa, has started reducing urban slums and addressing housing problems, promoting domestic saving and creating a wide range of job opportunities, the Country’s five year Growth and Transformation Plan(GTP) document reads.