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National Housing and Construction Company Limited (NHCC), is a Ugandan construction and real estate management company, partly owned by the Uganda Government. The Company’s mandate is to increase the housing stock in the country, rehabilitate the housing industry and encourage Ugandans to own homes in an organized environment.[2]
NHCC was established by the National Housing Corporation Act of 1964, as a 100% government parastatal. The Act was later repealed by the 1974 Decree to form National Housing and Construction Corporation. In July 2002, the Corporation became a Public Limited Liability Company known as National Housing and Construction Company Limited. Later, the Uganda government partially divested from NHCC by selling 49% shareholding to Libyan African Investment Company (LAICO), an investment company owned by the Government of Libya.[3]
As of July 2014, the shareholding in the stock of NHCC is as depicted in the table below:
In 2011, NHCC owned assets in excess of US$70 million, with annual turnover of US$6 million. NHCC owned 5.0% of Housing Finance Bank, Uganda's 9th largest commercial bank, as of December 2013.
As of December 2009, the following are some of the construction and management projects that NHCC was involved in: Sunset Apartments - 268 Apartment Homes (3 bedrooms each) - Kiwaatule, Kampala
In July 2014, NHCC borrowed US$9 million from Shelter Afrique, a Nairobi-based pan-African finance institution, for the purpose of constructing more affordable housing in Uganda.[4][5][6]
NHCC works with the following mortgage providers at all of her housing projects:
Uganda, Buganda, Kampala District, Kabaka of Buganda, Makerere University
Districts of Uganda, Uganda, Central Region, Uganda, Kampala, Lake Victoria
Kampala, Uganda, Kololo, National Social Security Fund (Uganda), National Housing and Construction Company, Arua
Romania, Spain, Transylvania, Home, Human
Uganda, Namutumba District, Pallisa District, History of Uganda, Madhvani Group
Uganda Securities Exchange, National Social Security Fund (Uganda), Uganda, Kajjansi, National Insurance Corporation, Construction