NCD housing project set for Sagara, says Parkop

THE National Capital District housing project will be constructed at Sagara, 6-Mile, Port Moresby, Governor Powes Parkop says.
He said the project with K300 million funding from International Finance Corporation (IFC) to build houses and apartments was part of the “Settlements to suburb” initiative.
“Affordable housing has always been on our list of priorities,” Parkop said.
“The “Settlement to suburb” is a big challenge and the National Capital District Commission needs a lot of money to get it done.
“This project will be at Saraga.
“There are roughly over 200 allotments, but the details will be worked out later on.
He said the type of houses in the agreement would be worked out based on what the city needed.
“High prices and a severe lack of affordable housing are now preventing many Port Moresby residents from moving out of informal settlements and buying their own homes,” Parkop said.
“Through this pilot project, IFC will help us open up the market for green, climate-resilient affordable housing by drawing on the resources and expertise of the private sector.”
Parkop said the project would target both lower and middle income earners through a mix of single unit family dwellings and affordable flats.