Charles Hinga: Housing fund is not a tax, it's savings

In his previous address, Hinga emphasised the essential role of mandatory contributions in attracting potential investors for the ambitious housing project.

"This allows our nation to confidently approach the market and attract investors, encouraging them to bring their financial resources," he explained.

Hinga clarified that the decision to implement the housing levy was made to address the persistent housing problem, which has resulted in a growing number of informal settlements, currently totalling 1,400.