Financing Low-income Housing in Bulawayo, Zimbabwe: Implications for the Right to the City and Inclusivity

Abstract

Abstract Accessing finances for housing has been a major problem for people on low-incomes and this has been weighing heavily on them as they try to access housing. Financial institutions in the city of Bulawayo are failing to come up with financial products that suit low-income clients. There are an estimated 110000 low-income residents among the estimated 250000 residents of Cowdray Park low-density residential area in Bulawayo. This has also affected their right to the city as they have been excluded from the housing delivery system. There are so many initiatives that have been available to those on a low-income but these initiatives have rarely benefited the urban poor of the city. This research has examined how the financial services that exist in the housing sector have been crafted to benefit the urban poor. The research employed a mixed methods approach to the inquiry, where a questionnaire was the main quantitative method used and in-depth interviews and observations were the qualitative methods that complemented it. The research found that there are various financial services that are available in Zimbabwe, but these financial facilities rarely help the urban poor. The majority of the poor have been managing without any financial support and this has been stalling their access to housing. Most housing products are fashioned along neo-liberal economic principles that have very little to offer the urban poor. This has therefore denied the urban poor in the city of Bulawayo their right to the city. Most cities in Zimbabwe are struggling to satisfy their housing demand as they have long housing waiting lists. Research therefore recommends the crafting of financial facilities that are best targeted on the urban poor, and are specially adapted to their financial conditions.