After the government announced plans to get accommodation for teachers, the National Association of Graduate Teachers (NAGRAT) in commending government efforts said their members would rather be comfortable with an interest-free loan to build their own houses.
President Akufo-Addo had earlier stated that the initiative would be made possible through a mortgage or a preferred means to get such as rent to own.
“Through a subsidized loan program, teachers would be provided with an opportunity to own houses in desired locations in various parts of the country. I am fully aware that one of the challenges facing the teacher is the ownership of homes. Beyond the finance is their inability to purchase homes where they intend to retire. ”
“Within the next two years, it is proposed that 10,000 housing units on affordable terms will be developed for teachers across the country”, he added.
Meanwhile, Vice President of NAGRAT, Jacob Anaba revealed that they will not hesitate to choose an interest-free loan package for teachers to build their houses.
He was of the view that the mortgage buildings may be in areas where their members may not like but if given the money, they can build in areas of their choice.
“Our members are scattered all over the country and some have already bought lands and have started development and reached certain stages either the foundation stage or even roofing level. So they just need some little support in the form of loans to complete the building. With regard to the mortgage, the company may build in areas where our members are not interested in but if they are given the money, they can build in their own areas.