The Malawi Housing Corporation (MHC) has announced that it will implement new house rentals for its units nationwide effective September 1.
The development comes after MHC earlier suspended implementation of a planned rental increase effectrive July 1 this year.
MHC said in a statement that it undertook an enquiry into the raise of rentals for its houses following the direction given by Ministry of Lands, Housing and Urban Development on the issue.
Reads the statement in part: “The chief executive officer under the direction of the board has now completed the enquiry and has discussed the outcome with the Ministry of Lands, Housing and Urban Development that the proposed rental adjustment should be staggered.”
Previously, MHC wanted to raise its rentals by an average of 48 percent from July 1 this year, a development that irked tenants who moved to obtain a court injunction to stop implementation of the hikes.
Efforts to talk to MHC chief executive officer Eunice Napolo proved futile yesterday as her phone went unanswered while the corporation’s spokesperson Ernestina Lunguzi requested for a written questionnaire which she had not responded to at the time of going to press.
In its statement, MHC said it resolved to ensure a balance that would see the rentals being affordable to the tenant while the organisation continues to invest and maintain its properties as well as expanding its stock.