Addis Ababa Administration Handed Over 51,229 Condominium Houses

Date:

Share post:

In an event that was held today at Intercontinental Hotel, the Addis Ababa city administration handed over 51,229 houses through a lottery reward. From the total of 51,229 houses, 32,653 houses were 20/80 saving package while 18,576 houses were 40/60 houses. The 20/80 housing package included 1248 studio houses, 18,823 one bedroom, 7127 two bedroom houses and 5455 houses were 3 bedrooms.

The lottery included people who registered for a 20/80 three bedroom condominium in the year 2005 and 2013. During the lottery ceremony deputy mayor Takele Uma stated that the city administration is handing over an unspecified number of houses for farmers without going through a lottery system. According to the mayor the farmers were evicted from their land for the construction of the condominium.

In the past thirteen years, more than 385,000 houses were built as a result of a job opportunity for one million people was created. According to the mayor, the city was supposed to construct 471,000 houses on a yearly bases but the goal was not met due to budget and capacity limitation.

የ20/80 መርሃ ግብር ባለ ሶስት መኝታ ቤት እድለኞች ዝርዝር ክፍል 3

Posted by FBC (Fana Broadcasting Corporate S.C.) on Wednesday, March 6, 2019
Addis Insight
Addis Insighthttps://addisinsight.net/
Addis Insight is Ethiopia’s fastest growing digital news platform, providing consumers with the latest news from Ethiopia and its diaspora. We provide marketers with innovative opportunities to leverage our stories and overall brand with a fiercely curious and highly engaged audience.

Related articles

Koderlab: Empowering Ethiopia’s Next Generation of Digital Innovators

In a rapidly evolving digital world, the need to equip the next generation with tech skills is more...

IMF Calls for More Increases in Ethiopia’s Electricity Tariffs Amid Economic Reforms

Partners are calling for additional revisions to address currency rate fluctuations, despite the government’s recent implementation of a...

From Birthrights to Aid Freezes: Ethiopia Caught in Trump’s Policy Crossfire

On January 20, 2025, President Donald Trump issued a series of executive orders that have significant implications for...

Marcus Samuelsson’s Latest Creation, The Adwa Dish, Redefines the Global Food Scene

Marcus Samuelsson’s upcoming addition to the Marcus Addis menu, Adwa, is more than just a culinary creation—it’s a...