National Housing Development Authority's monthly loan collection increases by 69.9% after Kandy workshop...
The loan amount collected last month is 260 million rupees...
After the workshop held in Kandy for the District Managers of the National Housing Development Authority, the loan recovery of the authority has increased by 69.9%, according to the Chairman Mr. Rajeev Suriyaarachchi. In the last month (August), the district managers have managed to collect nearly 260 million rupees from the debt owed by the authority. Last July, only 153 million rupees were collected.

From 1979 until now, the amount that the authority had to collect from the housing loans given to the people was more than 10 billion rupees and the monthly amount to be collected was 563 million rupees. But due to the recent Covid epidemic and the economic crisis, the debt collection of the National Housing Development Authority had fallen. In July, the National Housing Development Authority was able to collect only 153 million rupees from the related loans. Accordingly, the chairman said that a monthly recovery target of 300 million rupees was given to the district managers at the Kandy workshop and he also introduced an action plan for that. Debt collection has increased by 69.9% as a result.

The chairman who commented further in this regard stated that the National Housing Development Authority needs 165 million rupees to pay monthly salaries and allowances. The chairman also said that according to the current economic situation of the country, it is planned to implement a program to generate income without depending on the treasury.

Last year, the National Housing Development Authority has started the construction of 20,747 houses. 13,011 of them have been completed and handed over to the beneficiaries. Construction of another 7,733 houses is nearing completion. This one house with a size of 550 square feet consists of a living room, 02 bedrooms and a kitchen. The National Housing Development Authority provides an amount of 650,000 rupees for people who have land but are unable to build a house. It is charged to the home owner in installments.