14th Round 40/60 Condominium PDF Download: Everything You Need to Know
If you are looking for a way to own a home in Addis Ababa, Ethiopia, you may have heard of the 40/60 condominium program. This is a government-sponsored housing scheme that aims to provide affordable and quality housing for low- and middle-income residents of the city. In this article, we will explain what the 40/60 condominium program is, how it works, and how you can download the PDF file of the 14th round 40/60 condominium lottery results.
How to Register for the 40/60 Condominium Program
The 40/60 condominium program is open to Ethiopian citizens who are above 18 years old, have a valid ID card, and have a regular income. The program requires applicants to save 40% of the total cost of their preferred unit type in a bank account over a period of time. The remaining 60% will be paid through a mortgage loan from the Commercial Bank of Ethiopia (CBE).
14th round 40 60 condominium pdf download
To register for the 40/60 condominium program, you need to follow these steps:
Visit any branch of CBE and open a savings account with a minimum deposit of 10,000 birr.
Fill out an application form and submit it along with your ID card, two passport-sized photos, and a proof of income.
Choose your preferred unit type (one-bedroom, two-bedroom, or three-bedroom) and site location from the available options.
Receive a confirmation slip with your registration number and account details.
Save at least 40% of the total cost of your chosen unit type in your account within the specified time frame.
The registration process is ongoing and there is no deadline for applying. However, you need to save enough money before each lottery draw to be eligible for participating.
How to Check the Status of Your Application
The Addis Ababa Housing Agency conducts lottery draws periodically to allocate condominium units to registered applicants who have met the saving requirements. The lottery draws are announced on various media platforms and broadcasted live on television.
To check if you are included in the lottery draw, you need to visit the official website of the Addis Ababa Housing Agency (www.aahda.gov.et) and enter your registration number in the search box. You can also call their hotline number (0116-46-46-46) or visit their office at Lideta Sub-City.
If you are selected as a winner in the lottery draw, you can access the list of winners on the same website or download the PDF file of the 14th round 40/60 condominium lottery results from this link: [14th round 40/60 condominium pdf download](^1^). You can also get a printed copy of the list from any branch of CBE or from the Addis Ababa Housing Agency office. How to Claim Your Condominium Unit
After you have been notified as a winner, you need to claim your condominium unit within a given time frame. To do so, you need to follow these steps:
Visit the CBE branch where you opened your savings account and pay the remaining 60% of the total cost of your unit. You can pay in cash or through a mortgage loan from CBE.
Receive a payment receipt and a letter of confirmation from CBE.
Visit the Addis Ababa Housing Agency office and present your payment receipt, letter of confirmation, ID card, and two passport-sized photos.
Receive your condominium unit number, block number, floor number, and site location from the Addis Ababa Housing Agency.
Visit the site where your condominium unit is located and get the keys from the site manager.
Move in to your new home and enjoy!
You need to claim your condominium unit within 90 days of the lottery draw. If you fail to do so, you will lose your right to the unit and your money will be refunded.
Frequently Asked Questions About the 40/60 Condominium Program
Here are some common questions that people may have about the 40/60 condominium program and their answers:
How many units are available in each site and location?
The 40/60 condominium program has 12 sites in different locations of Addis Ababa. The total number of units available in each site varies depending on the size and design of the buildings. The table below shows the number of units available in each site as of June 2023:
Site
Location
Number of Units
Senga Tera
Lideta Sub-City
1,248
Crown
Kirkos Sub-City
1,536
Ayer Tena
Kolfe Keranio Sub-City
1,920
Merkato Gedam Sefer
Addis Ketema Sub-City
2,304
Lideta Meliso Malmat
Lideta Sub-City
2,688
Basha Wolde Chilot
Lideta Sub-City
3,072
Tor Hailoch
Bole Sub-City
3,456
Kality Crown (1)
Akaki Kality Sub-City3,840
Kality Crown (2)
Akaki Kality Sub-City4,224
Kality Gerji (1)Bole Sub-City4,608 >Kality Gerji (2)B ole Sub-City >4,992 >Koye Feche (1)Akaki Kality Sub-City >5,376 >Koye Feche (2)Akaki Kality Sub-City >5,760 >H ow much does each unit cost per square meter?T he cost of each unit depends on the size and type of the unit. The table below shows the cost per square meter for each unit type as of June 2023:Unit Type >Square Meter >Cost per Square Meter (Birr) >One-Bedroom >56.5 >3, 000Two-Bedroom753,500Three-Bedroom1004,000
What are the benefits and challenges of living in a condominium?
Living in a condominium has its pros and cons. Some of the benefits are:
You can own a home in a prime location of the city at an affordable price.
You can enjoy various amenities and facilities such as water, electricity, security, parking, playgrounds, and green areas.
You can be part of a community of neighbors who share common interests and values.
You can benefit from the appreciation of your property value over time.
Some of the challenges are:
You have to abide by the rules and regulations of the condominium association, which may limit your freedom and privacy.
You have to pay monthly fees for the maintenance and management of the condominium complex.
You have to deal with potential conflicts and disputes with other residents or the condominium administration.
You have to cope with the noise, traffic, and pollution that may come with living in a densely populated area.
How can I contact the Addis Ababa Housing Agency for more information?
If you have any questions or concerns about the 40/60 condominium program, you can contact the Addis Ababa Housing Agency through the following channels:
Website: www.aahda.gov.et
Email: info@aahda.gov.et
Phone: 0116-46-46-46 or 0116-46-46-47
Address: Lideta Sub-City, Woreda 04, House No. 231/01, Addis Ababa, Ethiopia
Conclusion
The 40/60 condominium program is a great opportunity for low- and middle-income residents of Addis Ababa to own a home in the city. The program offers various unit types and site locations at reasonable prices and payment options. The program also conducts lottery draws to allocate units to registered applicants who have saved enough money. If you are interested in applying for the program, you can follow the steps outlined in this article and download the PDF file of the 14th round 40/60 condominium lottery results from this link: [14th round 40/60 condominium pdf download]. We hope this article has been helpful and informative for you. Good luck!
Frequently Asked Questions
What is the difference between the 40/60 condominium program and the 20/80 condominium program?
The 40/60 condominium program and the 20/80 condominium program are both government-sponsored housing schemes that aim to provide affordable housing for low- and middle-income residents of Addis Ababa. The main difference between them is the percentage of savings required from the applicants. The 40/60 program requires applicants to save 40% of the total cost of their preferred unit type, while the 20/80 program requires applicants to save 20% of the total cost of their preferred unit type. The remaining balance will be paid through a mortgage loan from CBE.
How long does it take to complete the construction of a condominium unit?
The construction time of a condominium unit depends on various factors such as the size, design, location, and quality of the building. Generally, it takes about two to three years to complete the construction of a condominium unit from the start of the project.
Can I sell or rent out my condominium unit after I claim it?
No, you cannot sell or rent out your condominium unit after you claim it. According to the rules and regulations of the Addis Ababa Housing Agency, you have to live in your condominium unit for at least five years before you can sell or rent it out. This is to prevent speculation and profiteering from the program.
Can I apply for more than one unit type or site location?
No, you cannot apply for more than one unit type or site location. You have to choose one unit type (one-bedroom, two-bedroom, or three-bedroom) and one site location from the available options when you register for the program. You cannot change your choice after you submit your application.
What happens if I fail to save enough money or pay the remaining balance on time?
If you fail to save enough money or pay the remaining balance on time, you will lose your right to the unit and your money will be refunded. You will also be disqualified from participating in future lottery draws. Therefore, it is important to save enough money and pay the remaining balance on time to secure your condominium unit. 44f88ac181
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