Nedbank Corporate and Investment Banking signed a partnership agreement with Ongos Valley Development recently, for the servicing and construction of a proposed 3,665 low and middle income residential housing units at a total cost of N$3.7 billion.
The aim of the project is to alleviate the critical housing shortage in Windhoek for the low- to middle-income households by undertaking a large scale, cost effective development, driven by private initiative and supported by government.
In the long-term this project will supply more than 25,000 housing units for the low- and middle-income classes, four business centres including 106 business plots, 48 institutional plots, and over 20% of the development dedicated to public and conservation open areas.
