NHC seeks to recover Sh15 bilion from defaulters

Dar es Salaam. The National Housing Corporation (NHC) is optimistic it can collect Sh15 billion out of Sh21 billion defaulting tenants owe the state-owned entity.

This comes at a time NHC is looking for the approval of the board of directors to cancel Sh6 billion in debts that have proved unpayable due to the death and bankruptcy of some defaulters.

The corporation made the revelation yesterday during a press conference to announce plans to evict chronic debtors from January 2023.

NHC head of communications and relations department Muungano Saguya said earlier defaulters owed NHC Sh26 billion, hinting that Sh5 billion has been collected.

He said a 60-day ultimatum starting November 1 to December 30, 2022 was issued for chronic debtors to clear their debts.

“NHC will terminate its contracts with tenants who will fail to service their debts. Their properties could also be confiscated to serve as compensation of unpaid rent,” Mr Saguya said.

“Tenants who have given notice are required to implement provisions of their notices to avoid possible inconveniences,” he added, and asked debtors who are no longer NHC tenants to report at the corporation’s nearest offices to receive procedures for servicing their debts. (Aurea Simtowe)