The paper will examine factors that have contributed to the shortage of affordable housing supply and why the bulk of the Namibian population which finding it difficult to buy or own their own homes. Due to a shortage of low-cost housing in Swakopmund, the Council with consent, guidance and financial assistance of the Ministry of Urban and Rural Development, have embarked upon the 40/40 Housing Initiative. Objectives of the study for the Swakopmund Council, 40/40 housing initiative housing project are: Identify variables that affect the participation and the outcome of the project during its implementation, based on opinion of the administrators, contractors, and owners of the houses. Analyse the project plan and performance during implementation, determine factors affecting the performance of the project; whether the targeted, the neediest or those that able to afford the housing if those needs are being met or not. Relationship between supply and demand in the housing market: The scarcity of services of land and financial constraints are the main contributing factors to the shortage of affordable housing for low-income groups. Analyse the project plan and performance during implementation, determine factors affecting the performance of the project; whether the targeted, the neediest or those that able to afford the housing if those needs are being met or not. Structured interviews were used help identify the main challenges and issues contributing to shortage of affordable housing and quantitative survey through data collection. A study by Torab (2018) states that usually, factors affecting units’ supply in the markets are somewhat different from those affecting demand rate, new political area centred on land, mean this is a clear indication that, housing is of high concern. Public-Private Partnership (PPP) plans have generally been conveyed to develop or oversee public area framework offices and administrations
- Citation: Sechogele.D.D.B(2020)
- Creative Commons: Attribution CC BY
- Creator: DionysiusDon-Don Barekeneane Sechogele
- Language: English
- Publisher: RESEARCH: D D B Sechogele , for NAMIBIA BUSINESS SCHOOL (UNAM)
- Year: 2020-11-23
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