Social Housing
Social housing is proposed to be low cost and allocated under a pre defined social criteria. These housing developments are located within the eastern side Residential Neighborhood district, and are the main tool by which HDC aims to address the growing urban congestion in Male’. Ideally, these developments will offer long term financing options with the main objective being to provide an affordable product to the public.
Investments in social housing are currently made mainly by HDC. However, further investments from the local private sector are welcomed. These housing developments can either be on sale or lease basis, depending on the market appetite and at the discretion of the developer.