The New Patriotic Party has promised to put in place a 100 million cedis National Rental Assistance Scheme aimed at offering rent support to young workers.
This policy was announced by the Vice President H.E Dr Mahamadu Bawumia at the unveiling of the Npp’s manifesto.
The Vice President revealed that per the scheme, Government would pay rents directly to landlords after which it would be deducted at source from beneficiaries salaries.
He however stated that beneficiaries would have to have a formal employment, a regular salary and a guarantor to access the facility, stressing on the importance of addressing the rent challenges young workers tend to go through.
Dr Bawumia said government would work with the private sector to pool resources into the scheme in order to get this going and relieve many of the rent advance burden.
“It is clear that there are a lot of youth who have problems just trying to rent accommodation after school because of large demands for rent allowance sometimes up to two years allowance. But someone who has finished school and just starting a job doesn’t have much saved to pay all these huge demands for rent allowance,” he said.
He said the landlords have on the other hand gotten used to asking for two years advance rents, saying there was a market failure between what the landlords want and what the tenants want.
He said government would also digitize the National Rent Control Board and pass a new Rent Control Act to meet the needs of the times.