Flexible payment options over 5 years or more

The « Trano mora » social housing initiative is moving forward, with the payment system managed by the National Agency for Housing Support and Habitat (Analogh).

Residents of the “Trano Mora” homes will soon receive their keys, having already started paying their rent. These state-constructed social housing units are available through a rent-to-own system, administered by Analogh. Beneficiaries have the option to pay directly to Analogh if they choose to settle the amount over sixty months, or five years. For those opting to spread payments over 15 to 20 years, a bank account is required, according to Gérard Andriamanohisoa, the Secretary of State in charge of New Cities and Housing.

The average cost of these homes is 40 million ariary (approximately 8,700 USD). Beneficiaries can pay this amount based on their financial capabilities, with ownership rights granted once the full amount is paid. This payment method is particularly beneficial for those who cannot afford a lump sum payment.

The next step in this project is the handover of these homes to the residents. A series of inaugurations will begin in September at Tsararivotra Nosy Be, in Ylang Ylang City, where eighty homes are already available. Following this, eighty homes will be available in Bemokijy Morondava. Additionally, this year will see the inauguration of seventy-eight Trano Mora homes in Antsirabe, three hundred and twenty apartments in Imerintsiatosika, and eighty Trano Mora homes in Toamasina.

This government project has attracted significant interest from middle-income households, with several thousand people registering to purchase these homes. Beneficiaries were selected through a lottery conducted by the Secretary of State responsible for New Cities and Housing. Plans are underway for the construction of additional social housing units under this initiative.