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President Sirleaf Commends 16 Recipients......
Date Uploaded: Dec 21, 2014
President Sirleaf gives ownership certificate to David K. Doe one of those who have paid for the unit in full - See more at: http://emansion.gov.lr/2press.php?news_id=3163&related=7&pg=sp#sthash.fOSagACd.dpuf

President Sirleaf gives ownership certificate to David K. Doe one of those who have paid for the unit in full




President Sirleaf Commends 16 Recipients Of Housing Unit Ownership Certificates

MONROVIA, December 19 (LINA)-President Ellen Johnson Sirleaf has commended 16 recipients of the Brewerville Housing Estate for taking advantage of the opportunity afforded them to own their own homes and encouraged others to join them as the Liberia Bank for Development and Investment (LBDI) tries to roll out and expand its mortgage program to benefit Liberians across the country.

The Liberian leader urged the National Housing Authority (NHA) to create designs for the communities where schools, clinics, stores, playgrounds can be factored in so that inhabitants won’t have to leave their communities to be able to benefit from basic social services.

According to an Executive Mansion release, President Sirleaf made the commendation Thursday when she participated in programs marking the official issuance of temporary ownership certificates to recipients at the NHA Jartondo Housing Estate in Brewerville, outside Monrovia. Sixteen Liberians received certificates during the program held in the LBDI conference room in Monrovia.

She indicated that this was a small step forward and praised the efforts of the National Social Security and Welfare Corporation (NSS&WC), Central Bank of Liberia (CBL), and the LBDI for all they are doing to move the housing sector forward.

“We want to encourage them. What we have is a small effort; a small step forward and we want to see us all work together to see how we can expand it,” President Sirleaf urged, adding, “Let’s all be energized by this success and commit ourselves to doing more so there can be thousands and thousands more that can benefit.”

The Liberian leader said investment in the housing sector by conventional economics is not an investment but enhances the service sector that creates a major contribution to the gross domestic product of the country through the jobs that are created, and the local content that people purchase from things produced in Liberia which enables the economy grow.

Earlier, LBDI president John B.S. Davies III welcomed his guests to the bank to participate in another milestone within its mortgage program.

He admitted that the LBDI has not done satisfactorily in other parts of the country as has been done in Montserrado County as it relates to this mortgage program.

He committed, working with other stakeholders, to remove all the bottlenecks which has impeded their progress in moving the program outside the county; admitting that only about 25 percent of the activities of the program is outside Montserrado County.

He promised: “We will work with all our financiers, development partners, and the Government to ensure that the requisite funding to keep this legacy going especially in the southeastern and other regions of the country feel and appreciate the sense of owning their own homes as the people who will receive temporary certificates of ownership within the Jartondo Housing Estate.”

In separate remarks, the chairman of the Board of LBDI and Minister of Finance and Development Planning, Mr. Amara Konneh, Executive Governor of the CBL, Dr. J. Mills Jones, and the Director General of NASSCORP promised to ensure that the program continues and is expanded to other parts of the country so that more Liberians can be able to own their own homes.


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