All housing plans for low cost housing in Tacirua are on hold pending the release of the $70 million soft loan from the EXIM Bank of China.
Housing Authority chief executive Alipate Naiorosui said this loan will be used for development of the piece of land identified but some finer details needs to be finalized between the two governments.
The $70 million loan has been approved by the Exim Bank of China with $50 million to be given to the Housing Authority for low cost homes and $20 million to the Public Rental Board.
Meanwhile, construction work at the Wainibuka subdivision where 270 affordable lots will be made available for low to middle income earners, is expected to be fully completed by May 2010.
This is totally funded through locally sourced loans.
HA housing plans on hold
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