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{
    "id": 662190,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/662190/?format=api",
    "text_counter": 221,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "With the growing population of youthful entrepreneurs, the demand for decent low cost housing is steadily growing particularly in the urban areas. Currently, demand for housing is estimated at about 200,000 units annually with only 50,000 new units constructed every year thereby occasioning a shortage of 150,000 units annually. To bridge this gap and also to ensure decent low cost housing, I have introduced an incentive to encourage investors to enter into this sector by reducing the corporate rate of tax from 30 per cent to 20 per cent for developers who construct at least 1,000 units per year."
}