Mayor Dr. Mohamed Muizzu has announced intentions to form a public housing corporation to alleviate Malé City’s housing scarcity, which has been a long-standing issue in the country’s capital.
Mayor Muizzu told Adhadhu, a local news site, that the Malé City Council has worked out a strategy to address one of most pressing issues confronting Malé. He stated that the city council intends to establish a corporation in October to carry out the plan to solve the city’s housing problem and build the groundwork for its housing projects.
Councils are given the authority to raise finances and initiate development projects, including the formation of a corporation, under the Maldives’ Decentralization Act. However, Muizzu stated that the Malé City Council will require government assistance to carry out the proposal.
Muizzu went on to say that the city council will not be reliant on funding to carry out the plan, but that policy approval will be required. He stated that the city council is currently preparing to employ a financial consultant to establish the company, which will be self-funded and supported by foreign aid.
Furthermore, Muizzu stated that at the meeting with President Ibrahim Mohamed Solih, the council sought clearance for the housing projects. However, he emphasized that no official approval has yet been issued.
He stated that with good planning, the open spaces in Malé may be utilized for housing complexes and parks without causing congestion.