Diriya Urban Housing Programme was started with the intention of converting the temporary and partially constructed housing stock in urban areas into the standard housing stock. Under the first phase of this programme, housing loans amounting to Rs. 52.00 million has been granted to 255 beneficiaries in the Kaduwela Municipal Council area. 180 beneficiaries from the urban areas of Colombo district were selected under Phase II of the project and a financial provision of Rs. 38.00 million has been received to grant them housing loans.
Diriya Urban Housing Programme I
Stage I
| Intention of the Programme | Conversion of substandard housing units into standard housing units in urban areas declared by UDA |
| No of Beneficiaries | 255 |
| Selection of the Beneficiaries | Beneficiaries were selected by considering the following criteria
Beneficiaries were selected from divisional secretariat of Kaduwela. |
| Date of Commencement | August, 2012 |
| Date of Completion | December, 2013 |
| Maximum Loan Amount (Rs. Mn)
Interest Rate Loan Maturity Period |
Rs. 300,000/- with technical assistance
10% p. a ( interest rate per annum was decided considering the inflation rate & administrative expenses) 12 years |
| Budgetary Allocation – 2012
2013 |
Rs. Mn 40.00
Rs. Mn 12.00 |
| Current Status | Programme was completed benefiting 255 households at a cost of Rs. Mn 52.00 |
Stage II
| Target No of Beneficiaries | 260 |
| Selection of the Beneficiaries | Housing requests of the public received through Ministry |
| Date of Commencement | October, 2014 |
| Target Date of Completion | 2015 |
| Maximum Loan Amount (Rs. Mn) Interest Rate Loan Maturity Period |
Rs. 200,000/- with technical assistance and improvement of living conditions through Human Development Programme
6% ( interest rate per annum was decided considering the inflation rate & administrative expenses) 10 years |
| Budgetary Allocation – 2014 (Rs. Mn) | 38.0 |
| Current Status |
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