Inhamizua Phase 2

  • Status: Construction
  • Country: Mozambique
  • City: Beira
  • Partner: Casa Real
  • Year Approved: 2020
Total Invested
MZN 19,580,000
Average Sales Price
MZN 620,000
Total Invested
$264,024
Average Sales Price
$10,195
Delivery of Homes
Total Expected
Completed
Basic
56
34
Cross Subsidy
24
5
Project Overview

Based in Inhamizua on the outskirts of the city of Beira, the project will see the construction of 50 houses. 29 of these will be directly funded by Reall, and the remaining 21 constructed using revolved funds. The houses are three-room units that offer the possibility of extension and are fully equipped with water, sanitation, and energy. As in phase 1, the project will continue to showcase homes that are disaster resilient. Featuring raised floor levels to prevent flooding and a structure that can withstand the risks posed by cyclones, this will demonstrate that it is possible to build resilient housing that is affordable.

This project aims to consolidate the initial investment, increasing the scale of delivery by Casa Real and mortgage approval through a continued agreement with ABSA bank. The affordable units will initially operate on a rent to own model, charging rent of $70 USD month for 3 to 5 years and giving the new homeowners time to acquire a credit rating to access housing finance. For each year of rental, they will get a reduction in the sales price, increasing the affordability of their home.

39
Homes Completed
18 Homes Sold
6
Homes Occupied
39
Connected to Water and Sanitation
1
Nearest Employment Area
1
Nearest Health Centre
1
Nearest Primary School
0.5
Nearest Bus Stop
0.5
Nearest Market
1
Nearest Secondary School
Housing Information
Description Type Number Expected Number Completed Unit Size (m2) Sales Price
(Local Currency)
Casa Basica - t0 - house 26m2 - with slab to increment house to t2 - plot size 100m2 Basic 56 34 26 620000
Casa Maior - t1+ - house 55m2 - with slab to increment house to t3 - plot size 150m2 Cross Sub 24 5 55 -

Project Finances

Displayed In

Investments — Reall to Affordable Housing Partners

Total Project Investments
MZN 19,580,000
$ 264,024
Grants
MZN 19,580,000
$ 264,024

Based on exchange rate on 31/12/2020

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Data last updated on 10/03/2021