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.

Addis Insight
Addis Insighthttps://addisinsight-net.addisethiopiarestaurant.com
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.
spot_img

Related articles

Creative DNA: Ethiopia Programme Announces Second Cohort of Early-Stage Fashion Designers

PRESS RELEASEADDIS ABABA, 18 MARCH 2024  Creative DNA: Ethiopia, an innovative fashion incubation  programme dedicated to nurturing early-stage...

Unveiling the Unspoken: The Untold Story of the Pretoria Peace Deal’s Inevitable Demise

By Sisay AmorawIn the grand theater of Ethiopian politics, there are several moments when the script reads like...

Intense Clashes Erupt in Bahir Dar Amidst Rising Tensions

Residents of Bahir Dar, the capital city of the Amhara region, have reported to the BBC a fierce...

Ethiopian Airlines Stops Using Somalia Airspace After ‘Unsafe’ Incident

Ethiopian Airlines has ceased operations within Somalia's airspace, a route previously integral to its flights to Asian destinations....